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October Highs in Focus EURGBP...>

EURO-STERLING TECHS
EURO-STERLING TECHS: October Highs in Focus
EURGBP trades back above 0.8900 as the 38.2% retracement from 0.8621-0.9099 at
0.8916 and the October highs of 0.8940 come into play. A close above 0.8940
would move the outlook to positively bullish and open up resistance initially
around 0.8960 ahead of the YTD highs at 0.9099. Bears need to push back below
down trendline resistance-turned-support and 100-dma at 0.8883 to challenge the
200-dma at 0.8835. Below here would return the focus to the downside and target
the 0.8700 level, before turning attention towards multi-month lows of 0.8656.

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