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EURO-STERLING TECHS: Faltering Above Channel Resistance
After breaking above the ascending channel resistance at 0.9018, 0.9033 becomes
the next level to watch. After slipping lower in the European morning, however,
this becomes a more difficult task. Bears need a confirmation of the move back
below 0.90 and a drop to 0.8880 to shift the short-term outlook back to neutral.
A close below 0.8855 would see the outlook turn bearish before any challenge on
the 200-dma at 0.8822.