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Stalled ahead of 0.8975: *RES...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stalled ahead of 0.8975:
*RES 4: 0.9108 High Jan 3 and major resistance
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8973/75 Intraday high/High Jun 18
*PRICE: 0.8960 @ 08:37 GMT June 26
*SUP 1: 0.8920/16 200-hma/Low Jun 25
*SUP 2: 0.8873 Low Jun 20
*SUP 3: 0.8851 Low Jun 7
Having comfortably held above the 20-day EMA, EURGBP squeezed to 0.8973, before
stalling ahead of resistance from the Jun 18 high. Signs of bullish exhaustion
are starting to emerge which could bring the 200-hma & Jun 25 low back into view
at 0.8920/16. Bulls need a close above 0.8975 to resume the uptrend and target
the key psychological 0.90 level. Key support has been defined at 0.8874, a
break of this level is required to suggest a bearish reversal and thus
represents a key risk parameter for bulls.

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