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Off Range Highs The.............>

EURO-STERLING TECHS
EURO-STERLING TECHS: Off Range Highs
The broader-based EUR rally squeezed through the 50 & 55-dma's to 0.8657, before
fading. Bulls need a close above 0.8643 for confirmation of the uptrend, opening
a move toward the 76.4% retracement level & Mar 22 high at 0.8666/84. While a
topside break of 0.8700 brings the March 23 high back into view at 0.8723, above
which would suggest a triple bottom is in play. Bears need a close back under
0.8600 to open the Apr 5 low & 61.8% retracement level at 0.8557/54.

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