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Enters corrective phase: *RES...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Enters corrective phase:
*RES 4: 0.9070 Trendline drawn off the Oct 7, 2016 high
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9051 High Jul 17
*RES 1: 0.9005 High Jul 23
*PRICE: 0.8927 @ 04:01 GMT Jul 25
*SUP 1: 0.89006/13 Low Jul 24 / 50-dma
*SUP 2: 0.8873 Low Jun 20
*SUP 3: 0.8830 Low Jun 6
*SUP 4: 0.8796 200-dma
EURGBP has entered a corrective phase following the break of former key support
at 0.8956, and the sharp sell-off yesterday. The cross has traded down to the
50-dma at 0.8913. This area is providing support for now however further
downside would open the early June lows at 0.8830. The broader uptrend remains
bullish and for this correction to display signs that it is nearing its end, the
cross would need to regain the important 0.9000 handle.

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