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Showing Signs of Fragility......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Showing Signs of Fragility
EURGBP failed to consolidate gains for the second consecutive session and is
starting to generate bullish exhaustion signals. Bears need to challenge the
0.8880 area to shift the short-term outlook back to neutral. A close below
0.8855 would see the outlook turn bearish before any challenge on the 200-dma at
0.8823. Bulls need to reclaim the 0.9000 level to regain control and test the
0.9031/33 area. Above here targets the 2% volatility band at 0.9113.

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