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Lacking Direction EURGBP........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Lacking Direction
EURGBP holds either side of the 0.89 level, towards the lower end of its narrow
30 pip range. Bears target a close below the 100-dma at 0.8886 to regain
control, opening the 200-dma & Nov 28 low at 0.8837/10. Bulls need to clear the
50% retracement level at 0.8964 to keep the broader positive outlook intact.
Expect protection behind on approach to the psychological 0.90 level, a break
opens the Sep 6 high at 0.9019.

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