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Corrective pullback: *RES 3:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Corrective pullback:
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9051 High Jul 17
*RES 1: 0.9005 High Jul 23
*PRICE: 0.8935 @ 15:16 GMT Jul 25
*SUP 1: 0.8913/06 50-dma / Low Jul 24
*SUP 2: 0.8873 Low Jun 20
*SUP 3: 0.8830 Low Jun 6
EURGBP has entered a corrective phase following the break of former key support
at 0.8956, and the sharp sell-off to 0.8906 yesterday. The downtrend briefly
traded under 0.8900 for the first time since Jun 21, before staging a strong
recovery. Any further pressure would open the early June lows at 0.8830, ahead
of the 200-dma. Despite this, the broader uptrend remains bullish and for this
correction to display signs that it is nearing its end, the cross would need to
regain the psychological 0.9000 handle.

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