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Probed The 50-dma *RES 4:.......>

EURO-STERLING TECHS: Probed The 50-dma
*RES 4: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9176 High Jun 29 and the bull trigger
*RES 2: 0.9068 High Jul 6
*RES 1: 0.9011 High Jul 8
*PRICE: 0.8947 @ 06:06 BST Jul 13
*SUP 1: 0.8938 Low Jul 10
*SUP 2: 0.8912 Low Jun 16
*SUP 3: 0.8883 Low Jun 10
*SUP 4: 0.8964 Low Jun 9 and the key support
EURGBP maintains a bearish tone following last week's move lower and bearish
weekly close. A bearish theme follows recent price developments that has seen
the cross probe the 0.8944 50-dma. Furthermore, price has also traded through a
trendline support drawn off the May 11 low. This opens 0.8912, the Jun 16 low,
as the initial downside target. Firm resistance has been defined at 0.9068, Jul
6 high.

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