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Rally Losing Steam The rise....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Losing Steam 
The rise since yesterday's low of 0.8904 has been choppy and lacked impulse,
suggesting that the broader rally is losing steam and shifting the focus towards
the 0.8880 support area, a break of which would shift turn the outlook bearish.
A close below 0.8855 would cement any bearish outlook before any challenge on
the 200-dma at 0.8823. Bulls need to reclaim the 0.9000 level to regain control
and test the 0.9031/33 area. Above here targets the 2% volatility band at
0.9114.

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