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Either side of 100-dma: *RES....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Either side of 100-dma:
*RES 3: 0.9019 50-dma
*RES 2: 0.9015 High Sep 9
*RES 1: 0.9000 High Oct 8
*PRICE: 0.8984 @ 15:22 GMT Oct 9
*SUP 1: 0.8902 Low Oct 7
*SUP 2: 0.8852 Former channel resistance-now-support
*SUP 3: 0.8832 Low Sep 30 and 200-dma
Having broken higher Tuesday, the cross built on those gains Wednesday,
re-targeting the 0.90 level and the 50-dma resistance. This confirmed the bear
channel breakout and bodes well for bulls. Further confirmation will be provided
on a close above the 100-dma at 0.8977 (the cross failed to do so Tuesday),
which appears likely should current momentum be sustained. This would open the
Sep 9 high at 0.9015. An extension would open 0.9147, Sep 3 high and the 0.9056
retracement. The former channel-resistance-now-support is at 0.8852.

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