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Narrow Range Trade Despite a....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Narrow Range Trade
Despite a minor pullback off yesterday's traded highs of 0.9003, EURGBP retains
a buoyant tone to comfortably hold above 0.8950. Bulls need to reclaim the
0.9000 level to challenge the August 9 highs at 0.9031 and the major ascending
channel top at 0.9050. Initial support is now placed at 0.8940, however a break
below the Aug 14 low at 0.8897 is needed to shift the outlook neutral.

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