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Pivotal Support Holds *RES 4:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Pivotal Support Holds
*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: 0.9055/57 High May 29 / Double bottom projection
*RES 1: 0.9007 High Jun 4
*PRICE: 0.8961 @ 10:29 BST Jun 11
*SUP 1: 0.8864 Low Jun 9
*SUP 2: 0.8857/46 50-day EMA / 1.0% Lower 10-dma envelope
*SUP 3: 0.8826 Low May 14 and key near-term support
*SUP 4: 0.8759 Low May 12
EURGBP support at 0.8864, Jun 9 low and 0.8857, the 50-day EMA represents a key
short-term cushion for the cross. An ability to hold above this level and push
higher would open resistance at 0.9007, Jun 4 high and if breached, key
resistance at 0.9055, May 29 high. The latter level is the bull trigger. On the
downside, clearance of the key support zone would instead highlight a bearish
risk and open 0.8826, May 14 low and 0.8808, May 13 low.

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