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Failing to Build Above 0.86.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Failing to Build Above 0.86
EURGBP flirts with the 0.86 level but has so far failed to build on gains and
keeps the recent downtrend intact. Bears continue to look for a downside break
of the 0.8500 level to bring the 38.2% retracement at 0.8468 back into play.
Bulls need to recover the 0.87 level to improve the outlook and target prior
range lows around 0.8750. Above here would bring the 100 & 200-dma's back into
view at 0.8841/59.

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