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EURO-STERLING TECHS: Lacking Direction
Friday's downside reversal based just shy ahead of the Feb 7 low at 0.8728. The
recovery topped out at 0.8768, before drifting back into the range. Bulls need
to clear the 0.88 level before challenging the Feb 14 high at 0.8840. Above here
brings the 100 & 200-dma's at 0.8856/64 back into view. Bears need a downside
break of 0.8728 to open the Jan 23 low at 0.8698.