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Fresh Cycle Highs The bullish...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fresh Cycle Highs
The bullish wave remains in place, topping out Tuesday just shy of the 0.91
level. Despite a modest pullback Monday, bulls are clearly in charge, easing the
cross to the highest since September last year. With prices consolidating above
the major ascending channel top at 0.9050, the down trendline resistance from
the October 2016 peak is new target, coming in at 0.9170. Bears now need to
close back below 0.8940/49 to take some heat out of the rally. Below here, a
break of the Aug 14 low at 0.8897 is needed to shift the outlook neutral.

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