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Channel Resistance Bulls........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Channel Resistance
Bulls closed back above the 200-dma at 0.8834 yesterday, building on recent
momentum. Down trendline resistance from the Aug high provides the next hurdle
to overcome at 0.8890, ahead of the Oct 30 high at 0.8939. Bears need to push
back below the 200-dma to 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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