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Strength to Strength *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Strength to Strength
*RES 4: 0.9200 Handle Resistance
*RES 3: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 2: 0.9113 1.0% 10-dma envelope
*RES 1: 0.9100 High Jun 26
*PRICE: 0.9045 @ 17:16 BST Jun 26
*SUP 1: 0.9001 Low Jun 25
*SUP 2: 0.8950 Low Jun 18
*SUP 3: 0.8912 Low Jun 16 and the 50-day EMA
*SUP 4: 0.8964 Low Jun 9
EURGBP returned to its bullish trend ahead of the Friday close. This cements the
positive outlook following gains through the week's earlier highs of 0.9079 and
0.9086, a Fibonacci retracement. Next target sits at 0.9113. Firm support has
been defined at 0.8912, Jun 16 low and the 50-day EMA. A break is required to
dampen the bullish mood and even signal a possible reversal. This would open
0.8864, Jun 9 low.

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