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Extends Range to the Upside.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Extends Range to the Upside
*RES 4: 0.9086 50% Fib retracement of March-April decline
*RES 3: 0.8988 38.2% Fib retracement of March-April decline
*RES 2: 0.8972 High Mar 31
*RES 1: 0.8911 High Apr 1
*PRICE: 0.8867 @ 16:42 BST May 13
*SUP 1: 0.8759 Low May 12
*SUP 2: 0.8691 Low May 01 / 05
*SUP 3: 0.8671 Low Apr 30 and range base
*SUP 4: 0.8657 Low Mar 9
The cross topped the late April highs Wednesday, expanding the top end of the
range to 0.8878. Prices edged north of both the 50-dma and the 23.6% retracement
of the March-April decline in the process. This marks a bullish reversal and
opens 0.8911, the Apr 1 high and 0.8972, the Mar 31 high. To the downside, the
base is at 0.8671, Mar 30 low.

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