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Looking For A Bullish...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Looking For A Bullish Impulse:
*RES 4: 0.9056 50% retracement of Aug 12 - Sep 20 decline
*RES 3: 0.9015 High Sep 9
*RES 2: 0.8975/76 High Sep 13 / 100-dma
*RES 1: 0.8945 High Oct 8
*PRICE: 0.8927 @ 04:31 GMT Oct 8
*SUP 1: 0.8874 Former channel resistance-now-support
*SUP 2: 0.8832 Low Sep 30 and 200-dma
*SUP 3: 0.8803 Low Sep 25
*SUP 4: 0.8787 Low Sep 19 and bear trigger
An observation of the EURGBP chart highlights a breakout of the channel drawn
off the Aug 12 high. While this appears bullish, the cross has still failed to
deliver an impulsive move higher. If it is able to clear recent highs at 0.8945
and deliver follow through, this would confirm both a channel breakout and a
trend reversal opening 0.9147, Sep 3 high. Key support remains 0.8832, The
former channel resistance-now-support is at 0.8874.

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