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Eyeing Key Resistance *RES 4:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Eyeing Key Resistance
*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline
*RES 2: 0.9055/57 High May 29 / Double bottom projection
*RES 1: 0.9015 High Jun 11
*PRICE: 0.8982 @ 05:51 BST Jun 12
*SUP 1: 0.8864 Low Jun 9
*SUP 2: 0.8861/44 50-day EMA / 1.0% Lower 10-dma envelope
*SUP 3: 0.8826 Low May 14
*SUP 4: 0.8759 Low May 12
EURGBP support at 0.8864, Jun 9 low and 0.8861, 50-day EMA marks a key cushion
for the cross. The recovery this week has ensured this support area remains
intact. The focus is on 0.9055, May 29 high where a break is required to confirm
a resumption of the recovery since early May. On the downside, clearance of the
support zone would instead highlight a bearish risk and open 0.8826, May 14 low
and 0.8808, May 13 low.

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