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Struggling For Traction.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Struggling For Traction
Recovery efforts stalled ahead of 0.8920 to keep the downtrend off Sep 24 highs
intact. Bears need a close below 0.89 to gain the upper hand, targeting the Sep
20 low & 200-dma at 0.8848/40, ahead of the July 4 low at 0.8799. A break back
above 0.8920 opens the double-top resistance area at 0.8995/00 for confirmation
of the uptrend. A break above 0.9052 is needed to challenge the 0.9100 level
which holds the YTD high at 0.9098.

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