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

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating Gains
Yesterday's close above the 0.90 level shifts immediate focus towards 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
initially need to clear the 50% retracement level at 0.8949 to change the
short-term outlook. A break of the 100-dma at 0.8896 would confirm a reversal
pattern, opening the 200-dma & Nov 28 low at 0.8843/10.

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