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Challenging October Highs.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Challenging October Highs
EURGBP has continued to trade above the down trendline from Aug 28 lows
initially broken on Friday, and has been challenging the October highs of
0.8940. A close above here would move the outlook to positively bullish and open
up resistance initially around 0.8960 ahead of the YTD highs at 0.9099. Bears
need to push back below the down trendline and 100-dma at 0.8882 to challenge
the 200-dma at 0.8835. Below here would return the focus to the downside and
target the 0.8700 level, before turning attention towards Tuesday's multi-month
lows of 0.8656.

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