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Focus Remains On Oct 10 Lows ...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Focus Remains On Oct 10 Lows 
EURGBP is retesting yesterday's low at 0.8730 which is holding for now,
preventing a run at the Oct 10 lows at 0.8723. Bulls need to recover the 50%
fibo of the recent downtrend & 200-dma at 0.8835/37, before turning attention
toward the 100-dma at 0.8886. A break of 0.89 returns upside focus, targeting
the Oct 30 high & cloud base resistance at 0.8935/48. Bears need to break below
0.8730 to reignite downside momentum towards the Oct 10 low, below which would
suggest a large topping pattern is in play, targeting a move down to the April
17 high at 0.8621. 

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