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Lacks Clarity EURGBP struggled to.....>

EURO-STERLING
EURO-STERLING: Lacks Clarity
EURGBP struggled to gain traction despite recovering to 0.8935. The failure to
convincingly break below 0.89 suggests bulls still eye a return to the 0.90
mark, despite the recent rally running low on steam. 0.8880 remains the
near-term support area and a break below here would change the picture. A close
below 0.8855 would cement any bearish outlook before any challenge on the
200-dma at 0.8824. Bulls need to reclaim the 0.9000 level to regain control and
test 0.9031/33. Above here targets the 2% volatility band at 0.9117.

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