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Clinging To The 55-DMA The.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Clinging To The 55-DMA 
The 55-dma at 0.8621 gave way Friday but bulls managed to recover this level on
a closing basis to keep the outlook neutral. Above this level allows bulls need
to focus on the 0.8700 level to strengthen the uptrend and bring the March 23
high back into view at 0.8723. The 100-dma & 50% retracement of 2019 range are
placed behind at 0.8743/91. A close below the 55-dma returns focus to the
downside and opens the 0.8600 handle. Below here would extend the downtrend
toward the Apr 5 low & 61.8% retracement level at 0.8557/54. 

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