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Remains Capped Ahead Of.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Remains Capped Ahead Of 55-DMA
*RES 4: Gbp0.8940 100-DMA 
*RES 3: Gbp0.8922 Low Nov 27 now resistance 
*RES 2: Gbp0.8886 Daily Bear channel top 
*RES 1: Gbp0.8869 55-DMA
*PRICE: Gbp0.8841 @ 0530GMT
*SUP 1: Gbp0.8818 Hourly support Dec 19 
*SUP 2: Gbp0.8780 Hourly support Dec 15 
*SUP 3: Gbp0.8759 Lows Dec 14 & 15 
*SUP 4: Gbp0.8736 Hourly resistance Dec 8 now support
*COMMENTARY: Attempts to break higher remain capped ahead of the 55-DMA with
layers of resistance Gbp0.8869-8981 key. Bulls need a close above Gbp0.8981 to
shift initial focus to Gbp0.9048-0.9107. The Gbp0.8759 level supported last week
with bears now needing a close below to return immediate pressure to Gbp0.8690.
Bears need a close below this level to reconfirm a bearish bias and focus on
tests of the bear channel base coming in around Gbp0.8415.

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