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Remains Bearish *RES 4:.........>

*RES 4: 0.8911 High Apr 1
*RES 3: 0.8865 High Apr 7 and key near-term resistance
*RES 2: 0.8796 High Apr 13
*RES 1: 0.8746/44 High Apr 15/20
*PRICE: 0.8735 @ 05:54 BST Apr 21
*SUP 1: 0.8682 Low Apr 14 and intraday bear trigger
*SUP 2: 0.8657 Low Mar 9
*SUP 3: 0.8621 Low Mar 5 and a key support
*SUP 4: 0.870 76.4% retracement of the Fen 18 - Mar 19 rally
EURGBP is slightly firmer but still essentially consolidating. A bearish theme
remains intact, reinforced last Monday on the break of 0.8725, Apr 9 low. The
move lower confirmed a clear breach of the key 0.8748 Fibonacci retracement,
61.8% of the Feb 18 - Mar 19 rally. The focus is on 0.8621, Mar 5 low. Key
resistance is seen at 0.8865, Apr 7 high. Initial resistance though is at
0.8746, Apr 15 high and 0.8796, Apr 13 high.

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