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Lacks Follow Through Below......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Lacks Follow Through Below 200-DMA
*RES 4: Gbp0.8944 Daily Bear channel top 
*RES 3: Gbp0.8922 Low Nov 27 now resistance 
*RES 2: Gbp0.8871 55-DMA 
*RES 1: Gbp0.8844 High Dec 1
*PRICE: Gbp0.8808 @ 0530GMT
*SUP 1: Gbp0.8788 Hourly support Dec 4 
*SUP 2: Gbp0.8753 Low Dec 4 
*SUP 3: Gbp0.8729 55-WMA 
*SUP 4: Gbp0.8717 Low June 16
*COMMENTARY: Topside failures above the 100-DMA (Gbp0.8956) and bear channel top
have resulted in dips below the 200-DMA (Gbp0.8797) but follow through remains
lacking. Bulls continue to look for a close above the 55-DMA to ease bearish
pressure and shift focus back to Gbp0.8939-81 where the bear channel top and
100-DMA are noted. Bears need a close below Gbp0.8717 to reconfirm a bearish
bias and target Gbp0.8472-88 where the bear channel base and 100-WMA are noted.

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