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EURGBP: Flirting With The.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: EURGBP: Flirting With The 100-DMA
Friday's rally allowed bulls to take out both the 100-dma and down trendline
resistance from the Aug 28 peak. However, this morning we have gravitated back
towards the 100-dma and at the time of writing are very close to it. Bears need
to push back below the 100-dma at 0.8882 to challenge the 200-dma at 0.8835.
Below here would return the focus to the downside and target the 0.8700 level,
before turning attention towards Tuesday's multi-month lows of 0.8656. To
continue to move higher, EURGBP need to break the 38.2% retracement of
0.8621-0.9099 at 0.8916 before challenging the Oct 30 high at 0.8939.

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