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Fails to maintain 0.90: *RES....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fails to maintain 0.90:
*RES 4: 0.9070 Trendline drawn off the Oct 7 2016 high
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9051 High Jul 17
*RES 1: 0.9005 High Jul 23
*PRICE: 0.8963 @ 04:40 GMT Jul 24
*SUP 1: 0.8953/54/56 Low Jul 23, Jul 8 and Jul 12 and key support
*SUP 2: 0.8930/27 Low Jul 2 / 2% lower Bollinger band
*SUP 3: 0.8873 Low Jun 20
*SUP 4: 0.8830 Low Jun 6
Renewed sterling pressure countered last week's minor correction in EURGBP to
lift the cross back through 0.90, however this was short lived. Consolidation
above 0.9000 is required to encourage bulls to resume their focus on last
Wednesday's high of 0.9051 and the Jan 11 high and down trendline drawn off the
Oct 7, 2016 high at 0.9062/70. Key trend support is at 0.8954/56 and has been
tested. A clear break would signal scope for a deeper correction.

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