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EUR/USD positive reaction to the......>

EURO-STERLING
MNI (London)
EURO-STERLING: EUR/USD positive reaction to the FOMC announcement/Fed Powell
press conference outpaced cable's react and in turn allowed the cross to extend
its recent recovery but rate has met decent resistance around the GBp0.8765
level. Tech resistance is noted close behind at Gbp0.8769(61.8% 0.8863-0.8618),
a break to open a move on toward Gbp0.8800(option expiry here today E1.05bn).
Support noted at Gbp0.8750 ahead of Gbp0.8735(10-dma) and Gbp0.8720.
- 1.0% 10-dma envelope parameters seen at Gbp0.8649, Gbp0.8824. 
- Expiries of note today, Gbp0.8400(E1.51bln), Gbp0.8600(E2.16bn),
Gbp0.8700-10(E861mln), Gbp0.8800(E1.05bn)
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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