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Heavy: *RES 4: 0.9028/19........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Heavy:
*RES 4: 0.9028/19 T-line resistance drawn off Aug 12 high / 1.0% 10-dma envelope
*RES 3: 0.9031 High Sep 5
*RES 2: 0.9015 High Sep 9
*RES 1: 0.8975 High Sep 13
*PRICE: 0.8863 @ 04:35 GMT Sep 18
*SUP 1: 0.8839 Low Sep 18
*SUP 2: 0.8820 Bear channel base drawn off the Aug 12 high
*SUP 3: 0.8772 Low May 22
*SUP 4: 0.8725 Low Jun 21
EURGBP remains heavy having sold off sharply Friday. Furthermore, this weeks
activity has also seen prices extend the trend lower The focus on the 0.8809,
61.8% Fibonacci retracement next. In candle terms, Friday's pattern is a
standard line, a continuation pattern highlighting the likelihood the cross will
remain soft near-term. Momentum and moving average studies continue to point
south too. On the upside, resistance is located at Friday's 0.8975 high.

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