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Searching For Direction The.....>

EURO-STERLING TECHS: Searching For Direction
The pullback off Friday's high extended back through Gbp0.86, but failed to gain
traction. Bears initially look to clear the Apr 5 low & 61.8% retracement level
at 0.8557/54, before challenging the 0.85 area to extend the broader downtrend.
To regain the upper hand bulls need to take out the 50-dma & Mar 29 high at
0.8643/49, above here opens the Mar 21 high & 38.2% retracement level at

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