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

EURO-STERLING TECHS
EURO-STERLING TECHS: Strength to Strength
*RES 4: 0.9276 High Mar 25
*RES 3: 0.9240 High Mar 26
*RES 2: 0.9184 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 1: 0.9176 Intraday high
*PRICE: 0.9162 @ 16:33 BST Jun 29
*SUP 1: 0.9085 Intraday low
*SUP 2: 0.9001 Low Jun 25 and key near-term support
*SUP 3: 0.8950 Low Jun 18
*SUP 4: 0.8918/12 50-day EMA / Low Jun 16
EURGBP traded and closed above the former 0.9079 resistance Friday and has
extended gains this morning. This cements the positive outlook. The cross has
also traded through 0.9086, a Fibonacci retracement. The next target sits at
0.9184, 61.8% of the Mar 19 - Apr 30 move lower. The first key support has been
defined at 0.9001, Jun 25 low where a break is required to dampen the bullish
mood and would risk a move lower towards 0.8912, Jun 16 low.

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