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Heading North *RES 4: 0.9276....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Heading North
*RES 4: 0.9276 High Mar 25
*RES 3: 0.9240 High Mar 26
*RES 2: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 1: 0.9176 High Jun 29
*PRICE: 0.9136 @ 10:28 BST Jun 30
*SUP 1: 0.9085 Low Jun 29
*SUP 2: 0.9001 Low Jun 25 and key near-term support
*SUP 3: 0.8950 Low Jun 18
*SUP 4: 0.8918/12 50-day EMA / Low Jun 16
EURGBP traded and closed above the former 0.9079 resistance Friday and extended
gains Monday. A bullish outlook remains intact. The cross has also traded
through 0.9086, a Fibonacci retracement and the next target sits at 0.9184,
61.8% of the Mar 19 - Apr 30 move lower. The first key support has been defined
at 0.9001, Jun 25 low where a break is required to dampen the bullish mood. This
would expose 0.8912, Jun 16 low.

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