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Corrective mode: *RES 4:........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Corrective mode:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9400 Psychological level
*RES 2: 0.9325 High Aug 12
*RES 1: 0.9207 Low Aug 8
*PRICE: 0.9125 @ 03:57 GMT Aug 19
*SUP 1: 0.9090/89 Low Aug16 / Low Jul 31
*SUP 2: 0.9051 High Jul 17 and former bull trigger
*SUP 3: 0.9044 Lower 2.0% 10-dma envelope
*SUP 4: 0.9009 Trendline support drawn off the May 6 low
EURGBP remains in corrective mode but did manage to find some support Friday at
the Jul 31 low of 0.9089. The risk is for a deeper pullback though, that could
see the cross 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 0.9009. To regain
upside momentum, bulls need to reclaim 0.9207. The trigger for a resumption of
the trend is 0.9325, a break would again open the Oct 2016 high of 0.9415.

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