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Correction over? *RES 3:........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Correction over?
*RES 3: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 2: 0.9131 Key resistance
*RES 1: 0.9123 Intraday high
*PRICE: 0.9094 @ 09:18 GMT Aug 28
*SUP 1: 0.9016 Low Aug 27
*SUP 2: 0.9006/00 38.2% retrace of May 6 - Aug 12 rally / Round number support
*SUP 3: 0.8946 Low Jul 26
Despite taking out key trendline support and the 50-dma at the 0.9051/0.9053
levels Tuesday, the cross bounced firmly Wednesday as the Brexit outlook
worsened. Whether this is the first sign of the correction concluding will
depend on the cross holding above 0.9050 in the near-term, and a return below
the 50-dma would signal this is a false reversal. The medium-term still looks
for 0.9000 and the late July lows of 0.8946 / 0.8892. To strengthen the case for
bulls, the cross needs to hold above resistance at 0.9109, the Aug 26 high and
0.9031.

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