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Downside Remains Exposed:.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Downside Remains Exposed:
*RES 4: 0.9020 High Oct 10
*RES 3: 0.8896 61.8% retracement of Oct 10 - Oct 11 decline
*RES 2: 0.8868 High Oct 11
*RES 1: 0.8811 Yesterday's high
*PRICE: 0.8738 @ 04:36 GMT Oct 15
*SUP 1: 0.8695 Low Oct 11
*SUP 2: 0.8687 76.4% May 6 - Aug 12 rally
*SUP 3: 0.8600 Round number support
*SUP 4: 0.8558 Low May 8
The bearish outlook in EURGBP remains intact following last week's sell-off.
This confirmed a sharp reversal of the recovery between Sep 20 - Oct 10 and,
more importantly confirms a resumption of the M/T downtrend. The break of former
support at 0.8787, Sep 20 low opens 0.8687, 76.4% of May 6 - Aug 12 rally and if
this current bearish pressure can be maintained, 0.8600 further out. Initial
resistance is at 0.8811, yesterday's high. Heavy for now.

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