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Struggling For Direction........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Struggling For Direction
EURGBP continues to trade near the middle of its multi-week range as the pair
struggles for direction. Bulls look to Bulls need to clear the 50-dma at 0.8650
to bring the Mar 21 high & 38.2% retracement level back into view at 0.8723/29.
Above here would suggest a potential bullish reversal. The broader bearish trend
is intact for now though and a close below the Mar 28 low at 0.8512 would open
the Mar 27/Mar 13 lows at 0.8483/72. 

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