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Resting On 55-DMA Despite.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Resting On 55-DMA
Despite breaching the 55-dma on Friday, bulls managed to recover this level on a
closing basis to keep the outlook neutral. Consolidation above 0.8622 is
required to return the focus to the 0.8700 level and strengthen the uptrend.
Above here would bring the March 23 high & 100-dma back into view at 0.8723/43.
A close below the 55-dma would reignite downside momentum toward the 0.8600
handle, opening the Apr 5 low & 61.8% retracement level at 0.8557/54.

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