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

EURO-STERLING TECHS
EURO-STERLING TECHS: Focus Is Still On Key Trendline Resistance
*RES 4: 0.8676 High Oct 24
*RES 3: 0.8658 High Nov 7
*RES 2: 0.8605 High Nov 22
*RES 1: 0.8592/94 High Dec 23 / T-line resistance drawn off the Aug 12 high
*PRICE: 0.8478 @ 10:24 GMT Jan 2
*SUP 1: 0.8452 Low Dec 31
*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 the recent pullback, EURGBP remains bullish. This follows the strong
bounce off the Dec 13 low. The cross has recently traded close to a key
resistance, currently at 0.8594 marking 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. Initial support is at 0.8452.

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