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Consolidating Gains EURGBP......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating Gains
EURGBP remains in a consolidation phase with trade held to a narrow 0.8829-75
range. Bulls need to clear 0.8875/80, before challenging the recent cycle high
at 0.8902. Above here opens a move toward the Dec 31 low at 0.8927, ahead of the
76.4% fibo of the Jan-Mar fall at 0.8958. Bears downside focus remains on broken
pivotal resistance-turned-support at 0.8825. Below here opens a return to the
0.8800 level, ahead of the 200-dma at 0.8784.

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