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Consolidation phase: *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidation phase:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307/08 High Aug 29 2017/Upper 2.0% 10-dma envelope
*RES 2: 0.9253 Upper Bollinger Band (2%)
*RES 1: 0.9249 High Aug 06
*PRICE: 0.9214 @ 08:59 GMT Aug 07
*SUP 1: 0.9134/26 200-hma/Aug02 low
*SUP 2: 0.9089 Low Jul 31
*SUP 3: 0.9051 High Jul 17 and last Monday's bull trigger
*SUP 4: 0.8977 Low Jul 29
Pullbacks have so far remained shallow and keeps the broader, technically
bullish picture intact. A break of yesterday's multi-month high of 0.9249 opens
a return to the Aug 29 2017 high & upper 2.0% 10-dma envelope at 0.9307/08.
However, this argument would weaken on a fall below 0.9051, the former bull
trigger. Brexit/political headlines remain the key driver ahead of the October
31 Brexit deal deadline.

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