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Nov Lows Next Up EURGBP was.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Nov Lows Next Up
EURGBP was back on the defensive through Asia, extending its decline towards
yesterday's low & 76.4% retracement level at 0.8764/63. The cross has since
pared losses with bulls needing to clear the 200-dma at 0.8866 to extend the
recovery. A downside break of the Nov 13 low at 0.8656 strengthens the prospect
of a large scale topping pattern, opening the 2018 low at 0.8620.

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