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Recovery Running Out of Steam...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Running Out of Steam
Despite briefly clearing the Jan 17 low on Friday, bullish exhaustion has
allowed bears to put pressure back on the 0.8750 level. A close below would
suggest a return to the 0.8700 area ahead of the Jan 25 ytd low of 0.8617. Bulls
need to clear Friday's high at 0.8793 to bring the 200-dma into view at 0.8866,
a break opens the the 100-dma & cloud base at 0.8869/72.

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