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EURO-STERLING TECHS: Comfortably Above 0.88
Brexit headlines continue to dominate price action with EURGBP comfortably
holding above the 0.88 level. Bulls need a close above the 200-dma at 0.8834 to
build on recent momentum, focusing on the 50% retracement of 0.9098-0.8656 &
100-dma at 0.8877/79, ahead of the Oct 30 high at 0.8939. Bears need a break of
0.8700, before turning attention towards Tuesday's multi-month lows of 0.8656,
ahead of the ytd low at 0.8621.