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Failure To Hold 0.88 Returns....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Failure To Hold 0.88 Returns Focus Lower
After spiking above 0.88 yesterday on soft UK CPI data, EURGBP has dropped back
to 0.8780 returning the focus to the downside. A close below 0.8750 would open
the Oct 10 low at 0.8723. Bulls continue to target the 200-dma & Oct 14 high at
0.8836, this level also coincides with neckline support and is seen a key area
of resistance. Above here opens the 50% retracement level & 100-dma at
0.8860/78. 

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