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Failed To Close Below 0.87......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Failed To Close Below 0.87
The failure to close below 0.87 late last week has allowed bulls to recover some
losses, shifting the outlook back to neutral. Bulls need to recover the 50% Fibo
of the recent downtrend & 200-dma at 0.8815/36, before turning attention toward
the 100-dma at 0.8883. To resume the downtrend, bears target a break of
Thursday's low at 0.8690. A break here brings the ytd low of 0.8621 into view,
opening reported option-related support at 0.86.

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