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Range Trading EURGBP............>

EURO-STERLING TECHS
EURO-STERLING TECHS: Range Trading
EURGBP comfortably holds above the 0.8500 level, despite this recovery efforts
remain shallow and keeps the recent downtrend intact. Bears focus remains on a
break of the ytd low & long-term 38.2% retracement level at 0.8472/68. Bulls
need a close above 0.8550 to stabilise the outlook, opening the 200-hma at
0.8584, ahead of the 21-dma at 0.8617.

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