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Correcting *RES 4: 0.8869.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Correcting
*RES 4: 0.8869 High Oct 11
*RES 3: 0.8801 50.0% retracement of the Aug - Dec downleg
*RES 2: 0.8787 Low Sep 20
*RES 1: 0.8745 High Mar 3 and 4 high
*PRICE: 0.8650 @ 05:46 GMT Mar 5
*SUP 1: 0.8595 Low Mar 2
*SUP 2: 0.8522 Low Feb 28
*SUP 3: 0.8489 50-day EMA
*SUP 4: 0.8430 Low Feb 27
EURGBP bulls remain in the driving seat despite a corrective pullback. Friday's
gains resulted in the break of key resistance at 0.8596, Jan 14 high marking an
important swing in price action that also signals a potential significant M/T
reversal. Momentum studies are currently unwinding a recent overbought reading
so we may still see a S/T pullback in price. Initial support lies at Monday's
low of 0.8595. The focus is on a climb towards 0.8801, a Fibonacci retracement.

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