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Price action in the cross.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Price action in the cross post PMI strengthens the S/T
technical picture that suggests further bearish pressure near-term. Remember,
earlier this week the cross breached a key support at 0.8452, Dec 31 low to
confirm a range breakout. This morning has seen the 61.8% retracement of the Dec
- Jan rally at 0.8399 breached. Further weakness would open 0.8352, the 76.4%
level. Resistance is at yesterday's high of 0.8458.

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