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First Down Day in 12 EURGBP.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: First Down Day in 12
EURGBP rallied to just shy of the 200-dma at 0.8793 before pulling back as PM
May opened an avenue to a second referendum, prompting a GBP surge. Bulls need
to clear the 50% retracement of the Jan-Mar fall & 200-dma (not closed above
since mid-Jan) at 0.8790/93. Above here would cement the uptrend opening the
100-wma & Feb 14 high at 0.8836/40. Bears need a close back under 0.8700 & the
100-dma to stabilise the outlook, before returning the focus to the 55-dma down
at 0.8614.

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