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Free AccessJun 28 in view: *RES 4:.........>
EURO-STERLING TECHS: Jun 28 in view:
*RES 4: 0.9108 High Jan 3 and major resistance
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8990/92 High Jul 3 / High Jun 28
*PRICE: 0.8968 @ 08:40 GMT Jul 4
*SUP 1: 0.8928/21 21-dma/Low Jul 2
*SUP 2: 0.8873 Low Jun 20 and key trend support
*SUP 3: 0.8851 Low Jun 7
*SUP 4: 0.8838/30 100-wma / Low Jun 6
EURGBP touched recovery highs of 0.8990 yesterday, before meeting strong
resistance ahead of the psychological 0.90 area. This level has so far proved
hard to overcome, with a break here needed to confirm a resumption of the
uptrend and target the Jan 11 high. The Jul 2 low of 0.8921 represents an
important short-term support. Broader trend support and the key risk parameter
for bulls lies at 0.8873.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.