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EQUITIES

Tech stocks are seeing some selling interest

HUNGARY

NBH Leaves Its 1W Depo Rate Unchanged At 4%

POLAND

USDPLN Fails To Break Through 100DMA Resistance

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  • RES 4: 0.8595 High Nov 5 and a key resistance
  • RES 3: 0.8574 High Nov 11
  • RES 2: 0.8544 76.4 retracement of the Nov 5 - 22 sell-off
  • RES 1: 0.8538 High Nov 30
  • PRICE: 0.8497 @ 16:13 GMT Dec 2
  • SUP 1: 0.8471 20-day EMA
  • SUP 2: 0.8411/8381 Low Nov 26 / Low Nov 22
  • SUP 3: 0.8356 Low Feb 26, 2020
  • SUP 4: 0.8339 Low Feb 25, 2020

EURGBP price action has settled at the highs of this week’s range following a push higher on Tuesday. The recent recovery is still considered a correction though. Trend conditions remain bearish and the focus is on 0.8356 next, Feb 26, 2020 low. The next resistance to watch is 0.8544, a Fibonacci retracement. A break would suggest scope for a stronger recovery and expose 0.8574 initially, the Nov 11 high. First support to watch is 0.8471.