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Rally Hits A Wall At 200-DMA....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Hits A Wall At 200-DMA
After spiking first thing the pair hit resistance at the 200-dma at 0.8836 which
has seen downside momentum return. The 200-dma coincides with neckline support
and is a key area of resistance. Below here the broader bearish trend continues
with the Oct 10 low of 0.8723 the next downside target ahead of a potential run
at the May 30 lows at 0.8699. Bulls need to recover the 200-dma to shift the
outlook positive.

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