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Downside Exposure EURGBP........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Downside Exposure
EURGBP touched its lowest level since May 2017 yesterday, closure below the Jan
25 low suggests a major topping pattern is now in play. A downside break of the
0.85 level, opens the 38.2% retracement at 0.8468, ahead of the April 21 2017
low at 0.8314. Bulls need to recover the 0.87 level to improve the outlook and
target prior range lows around 0.8750. Above here would bring the 100 &
200-dma's back into view at 0.8845/61.

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