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Bulls Targeting 21-dma EURGBP...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bulls Targeting 21-dma
EURGBP based ahead of 0.8590 with the recovery extending through 0.8640. A
topside close above the 21-dma (0.8618) would cement the recent uptrend and give
control back to the bulls. Further resistance is located from the Apr 30 high &
cloud top at 0.8652/68, ahead of the 100-dma at 0.8708. Bears need a break back
under 0.85 to open the ytd Mar 13 low at 0.8472. Any fall through here would see
key Fib support tested at the 0.8468 level, marking the 38.2% retracement of the
0.6936 - 0.9415 range.

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