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Consolidating But Remains.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating But Remains Bullish
*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9183 2.0% 10-dma envelope
*RES 2: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline
*RES 1: 0.9079 High Jun 23
*PRICE: 0.9045 @ 10:36BST Jun 26
*SUP 1: 0.9001 Low Jun 25
*SUP 2: 0.8950 Low Jun 18
*SUP 3: 0.8912 Low Jun 16 and the 50-day EMA
*SUP 4: 0.8964 Low Jun 9
EURGBP is consolidating but maintains a bullish structure. A positive outlook
follows gains achieved last week together with the move on Jun 19 through
0.9055, May 29 high. Attention is on 0.9086 next, a Fibonacci retracement. Firm
support has been defined at 0.8912, Jun 16 low and the 50-day EMA. A break is
required to dampen the bullish mood and even signal a possible reversal. This
would open 0.8864, Jun 9 low.

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