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Consolidating Gains.............>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating Gains
Yesterday's corrective pullback found dip buyers ahead of the 0.90 level to keep
the topside in focus. Bulls continue to target the heavily congested 0.9090/00
zone for the next leg higher. This area also holds the GBPEUR equivalent of
E1.10 which is seen as a key psychological level. Bears need a close below 0.90
to stabilise the outlook and target the 100-dma at 0.8890 to suggest a reversal
pattern is in play.

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