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Hanging On To 0.89 The..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Hanging On To 0.89
The downtrend from Monday's high continued, before basing at 0.8901. Bears look
to push back below 0.89 to accelerate weakness and open up the 100-dma/Aug 2 low
at 0.8872/54. Above 0.89 and bulls will look to build on momentum targeting the
double-top resistance area at 0.8995/00 for confirmation of the uptrend. A break
above 0.9052 is needed to challenge the 0.9100 level which holds the YTD high at
0.9098.

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