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Resumes Its Uptrend *RES 4:.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Resumes Its Uptrend
*RES 4: 0.8869 High Oct 11
*RES 3: 0.8801 50.0% retracement of the Aug - Dec downleg
*RES 2: 0.8787 Low Sep 20
*RES 1: 0.8770 High Mar 9
*PRICE: 0.8731 @ 16:39 GMT Mar 9
*SUP 1: 0.8621 Low Mar 5
*SUP 2: 0.8595 Low Mar 2
*SUP 3: 0.8522 Low Feb 28
*SUP 4: 0.8502 50-day EMA
EURGBP bulls remain in the driving seat. Gains in early March resulted in the
break of key resistance at 0.8596, Jan 14 high marking an important swing in
price action that also signals a potential significant M/T reversal. Price last
week held above this breakout level, a positive development and has today
registered a break of the Mar 3 high of 0.8745 confirming a resumption of the
current uptrend. The focus is 0.8801 next, a Fibonacci retracement.

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