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EURO-STERLING TECHS
EURO-STERLING TECHS: Limited Recovery
Recovery efforts have so far stalled ahead of 0.86 and keeps focus on the
downside following the formation of a major topping pattern. Bears look for a
downside break of the 0.8500 level to bring the 38.2% retracement at 0.8468 back
into play. Bulls need to recover the 0.87 level to improve the outlook and
target prior range lows around 0.8750. Above here would bring the 100 &
200-dma's back into view at 0.8841/59.

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