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Corrective bounce: *RES 4:......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Corrective bounce:
*RES 4: 0.9086 High Sep 4
*RES 3: 0.9061/84 Trendline resistance drawn off Aug 12 high/1.0% 10-dma
envelope
*RES 2: 0.9031 High Sep 5
*RES 1: 0.9015 High Sep 9
*PRICE: 0.8969 @ 03:43 GMT Sep 13
*SUP 1: 0.8886 Low Sep 12
*SUP 2: 0.8873 Low Jun 20
*SUP 3: 0.8853 Bear channel base drawn off the Aug 12 high
*SUP 4: 0.8830 Low Jun 6
ECB decision delivered volatility, sent EURGBP to print new trend low at 0.8886.
Cross bounced well, however, prompted bulls to re-target 0.90 and week's highs
at 0.9015. Despite yesterday's moves, momentum and moving average studies
continue to maintain bearish theme. A move through 0.8886 to open the 0.8853
bear channel base drawn off Aug 12 high, and early June lows at 0.8830.

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