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Focus Is On The December Low....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Focus Is On The December Low
*RES 4: 0.8538 High Feb 4 and key resistance
*RES 3: 0.8504 High Oct 10
*RES 2: 0.8459 High Feb 11
*RES 1: 0.8400 High Feb 13
*PRICE: 0.8320 @ 16:34 GMT Feb 14
*SUP 1: 0.8296 Low Feb 13
*SUP 2: 0.8277 Low Dec 13
*SUP 3: 0.8251 Low Jul 14 2016
*SUP 4: 0.8176 50% 2015 - 2016 rally
EURGBP has re-established a short-term direction and it is bearish. The cross
blew through various layers of support between the 0.8400 mark down to 0.8296
Thursday, confirming a bearish tone. The sharp move lower has paved the way for
a test of the December low at 0.8277. To the upside, a key short-term resistance
has been defined at 0.8538, Feb 4 high however ahead of this, resistance is at
0.8400, yesterday's high and 0.8459, Feb 11 high.

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