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Free AccessLooks to Hold 0.90..............>
EURO-STERLING TECHS: Looks to Hold 0.90
Yesterday's close above 0.90 with have added to the confidence of bulls and
marks are on track for the first session since early December for EUR/GBP to
hold above the handle. To the upside, resistance is eyed at the heavily
congested 0.9090/00 zone, with bulls needing a rally through here to extend any
upside. Bears initially need to clear the 50% retracement level at 0.8949 to
challenge this. A break of the 100-dma at 0.8898 would confirm a reversal
pattern, opening the 200-dma & Nov 28 low at 0.8845/10.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.