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Choppy Downtrend Intact The.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Choppy Downtrend Intact
The broader bearish trend remains intact in EURGBP with bears looking to the ytd
low & long-term 38.2% retracement level at 0.8472/68 to extend the downtrend. To
improve the outlook bulls need a close above 0.8550, opening the 200-hma at
0.8584, ahead of the 21-dma at 0.8605. A break above the March 11 high at 0.8675
is needed to suggest a bullish reversal. 

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