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Pinned Between DMAs Bulls and...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Pinned Between DMAs
Bulls and bears are at an impasse, with the 100-dma capping at 0.8884 and the
200-/50-dmas supporting at 0.8835/0.8830. A break through the 100-dma to the
upside would shift attention to a meaningful break above the 38.2% retracement
of 0.8621-0.9099 at 0.8916. On the downside, bears look to close below the
200-dma at 0.8835. Falling below here would see bears targeting the 0.8700
level, ahead of the Nov 13 low at 0.8656.

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