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Off Recent Lows *RES 3:.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Off Recent Lows
*RES 3: 0.8596 High Jan 14 and bull trigger
*RES 2: 0.8554 High Jan 20
*RES 1: 0.8538 Intraday high
*PRICE: 0.8474 @ 16:44 GMT Feb 4
*SUP 1: 0.8387 Low Jan 31 and key intraday support
*SUP 2: 0.8356 Low Dec 17
*SUP 3: 0.8352 76.4% retracement of the Dec 13 - Jan 14 rally
EURGBP traded sharply higher Monday before inching lower throughout the Tuesday
session in consolidation. On Monday's move higher, the cross cleared resistance
at 0.8488, Jan 30 high. This signals scope for gains towards 0.8553, Jan 20 high
ahead of key resistance at 0.8596, Jan 14 high. On the downside, firm support
has been defined at 0.8387, the Jan 31 low. A break of this level is needed to
reinstate our recent bearish focus and open 0.8356, Dec 17 low and 0.8277, Dec
13 low.

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