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Early Weakness Recovered........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Early Weakness Recovered
EURGBP dipped as low as 0.8745 at the Asia-Pac open but losses were recovered in
short order to put the focus back on Friday's high at 0.8779. Above here brings
the 50% retracement of the Jan-Mar fall & 200-dma into view at 0.8790/94. Above
here would add further weight to the uptrend opening the 100-wma & Feb 14 high
at 0.8836/40. Bears need a close back under 0.8700 & the 100-dma to stabilise
the outlook and return the focus to the 55-dma down at 0.8610.

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