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EURO-STERLING TECHS: Holding at Elevated Levels
Month-end sovereign demand took out the previously hard to overcome 0.8850/60
level, with gains extending to 0.8874. Bulls need a close above 0.8860 to cement
the uptrend, before challenging the Jan 16 high at 0.8889 & 0.89 level. Bears
look to clear broken pivotal resistance-turned-support & channel base at
0.8834/21. Below here opens a return to the 0.8800 level, ahead of the 200-dma