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Doji Patterns, A Warning To.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Doji Patterns, A Warning To Bulls
*RES 4: 0.8869 High Oct 11
*RES 3: 0.8787 Low Sep 20 and former breakout point
*RES 2: 0.8751 High Oct 15 and key near-term resistance
*RES 1: 0.8717 High Oct 16
*PRICE: 0.8604 @ 09:41 GMT Oct 21
*SUP 1: 0.8600 Round number support
*SUP 2: 0.8576 Low Oct 17
*SUP 3: 0.8558 Low May 8
*SUP 4: 0.8491 Low May 6 and major support
EURGBP maintains a bearish outlook. The 0.8600 support was breached Thursday but
the market managed to retrace some losses, ending that day unchanged. In candle
terms the price pattern Thursday is long-legged doji which also occurred
Wednesday. This is an early sign the cross may be basing. A convincing breach of
resistance at 0.8751 is required to reinforce this. Until then, the trend
remains down with scope for 0.8491, May 6 low.

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