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Recovery Intact EURGBP..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Intact
EURGBP continued its recovery yesterday breaking above the 21-dma to reach as
high as 0.8649 which is now the initial upside target ahead of ahead of 0.8590
with the recovery extending through 0.8640. A topside break opens down trendline
resistance from the March 21 high at 0.8660. Bears need a break back under 0.85
to open the ytd Mar 13 low at 0.8472. Any fall through here would see key Fib
support tested at the 0.8468 level, marking the 38.2% retracement of the 0.6936
- 0.9415 range.

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