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Failure To Overcome 0.90........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Failure To Overcome 0.90 Triggers Selling
Bulls failed to overcome the 0.90 level again yesterday and drop below 0.8950
has brought the 0.8900 level back in sight. A break below here opens up the
100-dma/Aug 2 low at 0.8871/54 in a bid to build on recent downside momentum.
Bulls need to clear the double-top resistance area at 0.8995/00 for confirmation
of the recent uptrend. A break above 0.9052 is needed to challenge the 0.9100
level which holds the YTD high at 0.9098. 

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