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Sideways Around 200-DMA.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Sideways Around 200-DMA
EURGBP briefly broke below the 0.8800 level yesterday but managed to fully
recover its losses to close almost bang on the 200-dma at 0.8835, keeping the
recovery intact. Bulls need to close above 0.8850 to solidify the uptrend and
bring the 0.8916 level into focus (61.8% YTD retracement). Bears need a close
back below the the 0.8800 level to reignite downside momentum.

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