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Free AccessGbp0.8920 Resistance Remains....>
EURO-STERLING TECHS: Gbp0.8920 Resistance Remains Key
*RES 4: Gbp0.8907 High Sept 15
*RES 3: Gbp0.8886 High Sept 22
*RES 2: Gbp0.8839 Hourly resistance Sept 22
*RES 1: Gbp0.8816 Hourly resistance Sept 25
*PRICE: Gbp0.8796 @ 0430GMT
*SUP 1: Gbp0.8785 Hourly support Sept 25
*SUP 2: Gbp0.8775 Low Sept 15 & 25
*SUP 3: Gbp0.8741 Monthly Low July 14
*SUP 4: Gbp0.8717 200-DMA
*COMMENTARY: Daily studies are looking to correct from very O/S levels and
increase the risk of a correction. Bulls now need a close above Gbp0.8816 to
gain breathing room and above Gbp0.8920 needed to shift initial focus back to
the 55-DMA (Gbp0.9013). Bears currently focus on Gbp0.8716-17 where the 55-WMA
and 200-DMA are situated. Below the 55-WMA shifts focus to Gbp0.8523.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.