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Still soft: *RES 4: 0.9039/41...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Still soft:
*RES 4: 0.9039/41 T-line resistance drawn off Aug 12 high / 1.0% 10-dma envelope
*RES 3: 0.9031 High Sep 5
*RES 2: 0.9015 High Sep 9
*RES 1: 0.8975 High Sep 13
*PRICE: 0.8875 @ 08:49 GMT Sep 17
*SUP 1: 0.8850 Low Sep 16
*SUP 2: 0.8831 Bear channel base drawn off the Aug 12 high
*SUP 3: 0.8772 Low May 22
*SUP 4: 0.8725 Low Jun 21
EURGBP remains heavy having sold off sharply Friday and extending the current
downtrend with the focus on the 0.8809 Fibonacci retracement next. In candle
terms, Friday's pattern is a standard line, a continuation pattern highlighting
the likelihood the cross will remain soft near-term. Momentum and moving average
studies continue to point south too. On the upside, resistance is located at
Friday's 0.8975 high.

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