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Key Trendline Resistance........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Key Trendline Resistance Still Intact
*RES 4: 0.8658 High Nov 7
*RES 3: 0.8605 High Nov 22
*RES 2: 0.8592 High Dec 23 and bull trigger
*RES 1: 0.8541/45 T-line resistance drawn off the Aug 12 high / High Jan 6
*PRICE: 0.8478 @ 05:34 GMT Jan 9
*SUP 1: 0.8452 Low Dec 31
*SUP 2: 0.8356 Low Dec 17
*SUP 3: 0.8277 Low Dec 13 and key support
*SUP 4: 0.8213 1.500 projection of Aug 12 - Sep 20 sell-off from Oct 10 high
EURGBP is unchanged and remains bullish although for now the cross is
consolidating. A bullish theme follows the recent strong bounce off the Dec 13
low. Price has also recently traded close to a key resistance, currently at
0.8541. This is the trendline drawn off the August high. A break if seen, would
represent a key bullish technical development and signal a trend reversal
opening 0.8676 initially, the Oct 24 high. Initial support is at 0.8452.

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