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Reversal off Multi-month........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Reversal off Multi-month Highs
EURGBP briefly traded above the 0.89 level for the first time since mid-Jan.
Failure to extend gains amid the backdrop of renewed sterling demand, pressured
toward 0.8850. Bears look for a close back under broken pivotal
resistance-turned-support at 0.8825. Below here opens a return to the 0.8800
level, ahead of the 200-dma at 0.8785. Bulls need to recover the 0.89 handle to
bring the Dec 31 low into view at 0.8927, ahead of the 76.4% fibo of the Jan-Mar
fall at 0.8958.

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