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

EURO-STERLING TECHS
EURO-STERLING TECHS: Off Recent Lows
*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline
*RES 2: 0.9057 Double bottom projection
*RES 1: 0.9024/55 High Jun 1 / High May 29 and bull trigger
*PRICE: 0.8984 @ 16:50 BST Jun 4
*SUP 1: 0.8867 Low Jun 2
*SUP 2: 0.8858 1.0% Lower 10-dma envelope
*SUP 3: 0.8843 50-day EMA
*SUP 4: 0.8826 Low May 14 and key near-term support
EURGBP found resistance at 0.9055 last week, May 29 high and this led to a
strong sell-off. Support at 0.8881 was probed Tuesday however the cross has
since recovered off the recent low. The next key level to watch lies at 0.8843,
the 50-day EMA. For now, a bullish focus remains in place with attention on
0.9086 next, a Fibonacci retracement. On the downside, a break of 0.8867/43
would instead likely trigger a stronger bearish signal.

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