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Consolidating Trend EURGBP......>

EURO-STERLING TECHS: Consolidating Trend
EURGBP extended its recovery through the 21-dma yesterday, before topping out at
0.8649. This now becomes the initial upside target, ahead of the 0.8680/85 level
which has registered a series of previous highs. Bears need a break back under
0.85 to open the ytd Mar 13 low at 0.8472. Any fall through here would see key
Fib support tested at the 0.8468 level, marking the 38.2% retracement of the
0.6936 - 0.9415 range.

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