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Focus Confirmed On..............>

EURO-STERLING TECHS
EURO-STERLING TECHS: Focus Confirmed On Gbp0.8717-93
*RES 4: Gbp0.8954 Daily Bear channel top 
*RES 3: Gbp0.8922 Low Nov 27 now resistance 
*RES 2: Gbp0.8873 55-DMA 
*RES 1: Gbp0.8843 Hourly resistance Nov 29
*PRICE: Gbp0.8808 @ 0530GMT
*SUP 1: Gbp0.8793 200-DMA 
*SUP 2: Gbp0.8785 Bollinger band base 
*SUP 3: Gbp0.8724 55-WMA 
*SUP 4: Gbp0.8717 Low June 16
*COMMENTARY: Topside failures above the 100-DMA (Gbp0.8955) and daily bear
channel top now see immediate focus back on the key Gbp0.8717-93 region where
the 200-DMA and 55-WMA are located, Bears look for a close below Gbp0.8717 to
reconfirm a bearish bias and target Gbp0.8475-88 where the bear channel base and
100-WMA are noted. Bulls now need a close above the 55-DMA to ease bearish
pressure.

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