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Extending The Downtrend.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Extending The Downtrend
Renewed GBP buoyancy pressured to 0.8775, before stalling ahead of the heavily
congested 0.8760/70 zone which holds a series of previous lows & the 76.4%
retracement level of 0.8656-0.9108. A downside break of the Nov 13 low at 0.8656
strengthens the prospect of a large scale topping pattern, opening the 2018 low
at 0.8620. Bulls need a close above the the 200-dma at 0.8868 to extend the
uptrend, opening the heavily congested 0.9060/70 area, ahead of a run at the
2019 high at 0.9108.

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