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EURO-STERLING TECHS: Down Trend Channel Top In Focus
Bulls closed back above the 200-dma at 0.8834 yesterday, building on recent
momentum. Down trend channel resistance from the Aug highs lies just ahead of
yesterday's high, above which the Oct 30 high at 0.8939 would open. Bears need
to push back below the 200-dma to return the focus to the downside and target
the 0.8700 level, before turning attention towards Tuesday's multi-month lows of