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EURGBP closed above the 100-dma.......>

EURO-STERLING
EURO-STERLING: EURGBP closed above the 100-dma (Gbp0.8693) yesterday for the
first time since mid-January, adding more weight to the sterling downtrend.
Renewed Brexit uncertainty has seen EURGBP rally to 3-month highs of Gbp0.8736
with next resistance seen at Gbp0.8760/80, a level which registered a series of
highs through Jan/Feb. Above here opens the 50% retracement of the Jan-Mar fall
and 200-dma at Gbp0.8790/95. 

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