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Serious Chart Damage While......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Serious Chart Damage
While the broad uptrend remains in place, yesterday's declines delivered a huge
blow to the bulls' cause with the failure to clear 0.91 resulting in a pullback
below the key 0.90 level. The sharp losses Wednesday have called the recent
bullish picture into question, with a recovery above 0.9071 now needed for a U
turn. Bears now need to close back below 0.8940/49 to shift the outlook bearish
and target the August 14 low at 0.8897.

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