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Off Recent Highs *RES 4:........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Off Recent Highs
*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 High Jul 20
*PRICE: 0.9018 @ 10:49 BST Jul 21
*SUP 1: 0.8974 50-day EMA
*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 traded lower Monday has remained under pressure this morning. The broader
outlook though remains bullish and the pullback for now is likely a correction.
Recent Japanese candle patterns 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. The focus is on 0.9145, Jun 30
high. Key support is at 0.8938, Jul 10 low.

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