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EURO-STERLING TECHS: Large Topping Pattern
EURGBP consolidates recent losses after hitting 5-month lows of 0.8711, which
has triggered a large topping pattern. Bears focus on a break of the 0.87 level,
before challenging the ytd low at 0.8621. Bulls need to recover the 50% fibo of
the recent downtrend & 200-dma at 0.8830/37, before turning attention toward the
100-dma at 0.8885.