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O/S Daily Studies Correcting....>

EURO-STERLING TECHS
EURO-STERLING TECHS: O/S Daily Studies Correcting Higher
*RES 4: Gbp0.8841 100-DMA 
*RES 3: Gbp0.8829 55-DMA 
*RES 2: Gbp0.8807 Low Mar 16 
*RES 1: Gbp0.8763 High Mar 26
*PRICE: Gbp0.8746 @ 0430GMT
*SUP 1: Gbp0.8707 Hourly resistance Mar 22 now support 
*SUP 2: Gbp0.8667 2018 Low Mar 22 
*SUP 3: Gbp0.8654 100-WMA 
*SUP 4: Gbp0.8599 Low May 24 2017
*COMMENTARY: The significance of the 100-WMA was confirmed Thursday with an
aggressive bounce from fresh 2018 & 10mth lows. Daily studies correcting from
O/S increase the risk of a move back to Gbp0.8807-41 where 21, 55 & 100-DMAs are
situated. The 100-WMA remains key support. Bears look for a close below the
100-WMA to target Gbp0.8495-0.8535. A close below the 100-WMA was last seen in
Jan 2016. While the 100-WMA supports bulls target 2018 highs.

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