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Cracks key support: *RES 4:.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Cracks key support:
*RES 4: 0.9325 High Aug 12 and bull trigger
*RES 3: 0.9276 High Aug 14
*RES 2: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 1: 0.9131 Key resistance
*PRICE: 0.9024 @ 15:43 GMT Aug 27
*SUP 1: 0.9017 Intraday Low
*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
The cross took out key trendline support and the 50-dma at 0.9051/0.9053 levels
Tuesday, tilting the near-term outlook more solidly bearish. The opens 0.9000
and the late July lows of 0.8946. To strengthen the case for bulls, the cross
needs to clear resistance at 0.9131 and 0.9184. The latter is the Aug 20 high. A
move through this zone would open up scope for a climb back above 0.9200 and
refocus the Aug high so far, of 0.9325.

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