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Northbound *RES 4: 0.9184.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Northbound
*RES 4: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9176 High Jun 29 and the bull trigger
*RES 2: 0.9145 High Jun 30
*RES 1: 0.9138 Intraday
*PRICE: 0.9099 @ 10:32 BST Jul 20
*SUP 1: 0.9028 Low Jul 14
*SUP 2: 0.8938 Low Jul 10 and the key near-term support
*SUP 3: 0.8912 Low Jun 16
*SUP 4: 0.8883 Low Jun 10
EURGBP is bullish and traded to a fresh high this morning of 0.9138. Last week
the cross breached 0.9100. Also, Japanese candle patterns recently highlighted a
reversal. Activity Jun 13 was a bullish engulfing pattern and followed a doji
candle on Jun 10. Together they signalled a reversal off 0.8938, Jun 10 low.
Furthermore, the recovery occurred at the 50-day EMA reinforcing the importance
of the patterns. The focus is on 0.9145. Key support is 0.8938.

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