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Defines A Top For Now *RES 4:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Defines A Top For Now
*RES 4: 0.9276 High Mar 25
*RES 3: 0.9240 High Mar 26
*RES 2: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 1: 0.9176 High Jun 29
*PRICE: 0.9054 @ 10:26 BST Jul 1
*SUP 1: 0.9024 Low Jun 26
*SUP 2: 0.9001 Low Jun 25 and key near-term support
*SUP 3: 0.8950 Low Jun 18
*SUP 4: 0.8933/12 50-day EMA / Low Jun 16
EURGBP stalled Monday at the day high of 0.9176. The pullback is significant
given that it has occurred just ahead of 0.9184, 61.8% of the Mar - Apr decline.
Furthermore, yesterday's price pattern is a bearish engulfing candle and also
warns of a top. The key directional parameters are located at 0.9001 as support,
Jun 25 low and resistance at 0.9176, Jun 29 high. A breach of support would
reinforce a bearish threat. 0.9176 is the trigger for a resumption of gains.

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