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Consolidation: *RES 3: 0.9276...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidation:
*RES 3: 0.9276 High Aug 14
*RES 2: 0.9325 High Aug 12 and bull trigger
*RES 1: 0.9207 Low Aug 8
*PRICE: 0.9141 @ 15:19 GMT Aug 21
*SUP 1: 0.9090/89 Low Aug16 / Low Jul 31
*SUP 2: 0.9051 High Jul 17 and former bull trigger
*SUP 3: 0.9023 Trendline support drawn off the May 6 low
EURGBP is still seen to be in a corrective mode following last weeks sharp
sell-off. The cross has managed to find some support at 0.9089, last Friday's
low. However the risk remains for a deeper pullback, that could see prices trade
down to the July 17 high and former bull trigger at 0.9051. Note, trendline
support drawn off the May 6 low intersects at 0.9023. To regain control, bulls
need to reclaim 0.9207. The trigger for a resumption of the bull trend is
0.9325.

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