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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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MNI (London)
EURO-STERLING: Still holds above its key technical 10-dma(currently at
Gbp0.8352), though rate has probed below in Asia and early Europe, both times
meeting decent support at Gbp0.8343. Whilst rate can remain above its keeps
outlook positive, initial resistance seen at Gbp0.8373 ahead of Gbp0.8385 and
Gbp0.8400, as well as expositing the top of the 1.0% 10-dma envelope which
currently comes through at Gbp0.8436. A break and clear below the 10-dma, and
Gbp0.8343, to open a deeper move toward Gbp0.8333/30(61.8%
Gbp0.8282-0.8416/Corresponds to E1.2000) ahead of Gbp0.8314(76.4%) as well as
exposing the base of the 1.0% 10-dma envelope, currently at Gbp0.8268.  
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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