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Rebounding from trendline.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rebounding from trendline support:
*RES 4: 0.9325 High Aug 12 and bull trigger
*RES 3: 0.9276 High Aug 14
*RES 2: 0.9184/9207 High Aug 22 / Low Aug 8
*RES 1: 0.9131 Key resistance
*PRICE: 0.9088 @ 16:37 GMT Aug 23
*SUP 1: 0.9029/37 Low Aug 22 / Trendline support drawn of the May 6 low
*SUP 2: 0.9000 Round number support/38.2% retracement of May 6 - Aug 12 rally
*SUP 3: 0.8946 Low Jul 26
*SUP 4: 0.8907/8892 50% of May 6 - Aug 12 rally / Low Jul 25
EURGBP has rebounded from trendline support following yesterday's sharp
extension lower. However, gains above the 0.9131 level are required to signal
technical stabilisation. Failure below here keeps the overall bearish tone
intact returning the focus to the major up trendline support currently at
0.9037. Clearance of yesterday's low at 0.9029 would confirm a break of the
trendline and open 0.9000 next, ahead of the 0.8900 level.

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