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Focus Is Still On Key...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Focus Is Still On Key Trendline Resistance
*RES 4: 0.8658 High Nov 7
*RES 3: 0.8608 Trendline resistance drawn off the Aug 12 high
*RES 2: 0.8605 High Nov 22
*RES 1: 0.8592 High Dec 23
*PRICE: 0.8546 @ 17:50 GMT Dec 30
*SUP 1: 0.8477 Low Dec 19 and 20
*SUP 2: 0.8356 Low Dec 17
*SUP 3: 0.8277 Low Dec 13 and key support
*SUP 4: 0.8213 1.500 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
Despite last week's minor pullback, EURGBP remains bullish. This follows the
recent strong bounce off the Dec 13 low. The cross is trading close to a key
resistance at 0.8608, the trendline drawn off the August high. A break would
represent a key bullish technical development and also signal a more significant
trend reversal. This would open 0.8676 initially, the Oct 24 high. Support is
seen at 0.8477.

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