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Recovery Fails To Extend........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Fails To Extend
Despite briefly clearing Jan 17 low on Friday bulls were unable to cling on to
gains which has allowed bears to put pressure of the 0.8750 level which provides
near term support. Below here would suggest a return to the 0.8700 area ahead of
the Jan 25 ytd low of 0.8617. A close above Friday's high at 0.8793 would bring
the 200-dma into view at 0.8866, ahead of the 100-dma & cloud base at 0.8870/72.

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