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Improving Outlook EURGBP........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Improving Outlook
EURGBP closed above 0.8600 on Thursday, with the recovery extending to 0.8630.
This brings the 50-dma into view at 0.8661, ahead of expected resistance on
approach to 0.87. Consolidation above here and the Mar 21 high is required for
bulls to regain control, before targeting the 100 & 200-dma's. Bears need a
break back below the 0.86 level to return the focus Mar 28 low at 0.8512, ahead
of the Mar 27/Mar 13 lows at 0.8483/72.

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