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No real pullback yet: *RES 4:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: No real pullback yet:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307/09 High Aug 29 2017/Upper 2.0% 10-dma envelope
*RES 2: 0.9255 Upper Bollinger Band (2%)
*RES 1: 0.9249 High Aug 06
*PRICE: 0.9215 @ 05:30 GMT Aug 07
*SUP 1: 0.9130/26 200-hma/Aug02 low
*SUP 2: 0.9089 Low Jul 31
*SUP 3: 0.9051 High Jul 17 and last Monday's bull trigger
*SUP 4: 0.8977 Low Jul 29
The broader, technically bullish picture remains intact with EURGBP extending to
multi-month highs of 0.9249, leaving bulls' focus on the Aug 29 2017 high at
0.9307. However, this argument would weaken on a fall below 0.9051, the former
bull trigger. Brexit/political headlines remain the key driver ahead of the
October 31 Brexit deal deadline.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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