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Closed Below 200-DMA EURGBP.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Closed Below 200-DMA
EURGBP closed below the 200-dma yesterday, further strengthening the bearish
outlook and bringing the 61.8% retracement level into view at 0.8829. Below here
would open a run at the Nov 13 low at 0.8656. Bulls need to recover the 200-dma
to stabilise the outlook, returning focus to the heavily congested 0.9060/65
area, ahead of the ytd Jan 3 high at 0.9108.

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