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EURO-STERLING TECHS: Inside Day Keeps Focus On August High
An inside day for EURGBP keeps focus on the recent bullish breakout, but the
recent pullback may suggest the momentum is running out of steam. This places
near-term focus on the 0.8880 area to shift the short-term outlook back to
neutral, and below there for bears to regain control. A close below 0.8855 would
cement any bearish outlook before any challenge on the 200-dma at 0.8823. Bulls
need to reclaim the 0.9000 level to regain control and test the 0.9031/33 area.
Above here targets the 2% volatility band at 0.9114.