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EURO-STERLING TECHS
EURO-STERLING TECHS: Starting To Show Signs Of a Recovery
EURGBP felt the weight of EURUSD and extended its corrective pullback to 0.8935.
Failure to breach 21-dma support witnessed a sharp recovery to 0.8991, before
fading. Bulls will look for a close above 0.9018 to regain control and challenge
the 0.9033 area. 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.

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