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Correction over?: *RES 4:.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Correction over?:
*RES 4: 0.9276 High Aug 14
*RES 3: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 2: 0.9131 Key resistance
*RES 1: 0.9123 High Aug 28
*PRICE: 0.9081 @ 04:19 GMT Aug 29
*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
*SUP 4: 0.8908/8892 50% retrace of May 6 - Aug 12 rally / Low Jul 25
Despite taking out key trendline support and the 50-dma at 0.9051/0.9053
Tuesday, the cross bounced Wednesday as the Brexit outlook worsened. Whether
this is the first sign of an end to the recent correction, will depend on
whether the cross holds above 0.9016 and returns below the 50-dma. A return
lower would open 0.9000 and the late July lows of 0.8946 / 0.8892.
Alternatively, gains above yesterday 0.9123 high would open 0.9184.

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