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Consolidating Gains EURGBP......>

EURO-STERLING TECHS: Consolidating Gains
EURGBP closed above its 100-dma (0.8693) Wednesday for the first time since
mid-January. The uptrend extended through 0.8745 and puts immediate focus on the
0.8760/80 level, which registered a series of previous highs through Jan-Feb.
Above here opens the 50% retracement of the Jan-Mar fall & 200-da at 0.8790/95.
Bears need a close back under 0.8700 & the 100-dma to stabilise the outlook.

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