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Still Range-Bound *RES 4:.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Still Range-Bound
*RES 4: 0.8787 Low Sep 20 and former breakout point
*RES 3: 0.8751 High Oct 15
*RES 2: 0.8717 High Oct 16 and key near-term resistance
*RES 1: 0.8676 High Oct 24
*PRICE: 0.8620 @ 10:36 GMT Nov 8
*SUP 1: 0.8576 Low Oct 17 and bear trigger
*SUP 2: 0.8558 Low May 8
*SUP 3: 0.8491 Low May 6 and major support
*SUP 4: 0.8482 1.000 projection of Aug 12 - Sep 20 decline from Oct 10 high
EURGBP is unchanged and still trading within its range and consolidating. This
consolidation retains its bear flag shape, a continuation pattern that if
correct, highlights the likelihood the cross will depreciate near-term. We
continue to monitor the candle patterns on Oct 16/17, two long-legged doji
formations. They are potentially a basing signal however, a breach of 0.8717 is
required to reinforce this. Bearish still!

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