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Coming up in the Asia-Pac session on Monday:


Coming up in the Asia-Pac session on Monday:


Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High

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Channel Top Under Pressure:.....>

EURO-STERLING TECHS: Channel Top Under Pressure:
*RES 4: 0.9015 High Sep 9
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8971 100-dma
*RES 1: 0.8937 High Oct 1
*PRICE: 0.8904 @ 09:07 GMT Oct 3
*SUP 1: 0.8832 Low Sep 30
*SUP 2: 0.8803 Low Sep 25
*SUP 3: 0.8787 Low Sep 19 and bear trigger
*SUP 4: 0.8772 Low May 22
EURGBP continues to test the top of the broad channel drawn off the Aug 12 high,
that intersects at 0.8907. With the channel top probed this week, today's focus
is on whether the cross can clear Monday's 0.8937 high. This would confirm a
channel breakout. If achieved, it would also signal a trend reversal and open
the 100 dma at 0.8971 initially and the resistance at 0.8975, Sep 13 high would
be exposed too. Support lies at 0.8832, Sep 30 low.
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