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Fifth Session of Lower Lows.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fifth Session of Lower Lows
Rate extended its decline below the 200-dma Tuesday, touching the lowest levels
since June and cementing the daily momentum indicators clean-sweep of bearish
signals. This keeps focus on the measured move target at 0.8620, corresponding
to the April year-to-date low. To change the picture, bulls need to recover the
200-dma to arrest the decline, now at 0.8839 and return the outlook to neutral.

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