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Struggling to Build Above.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Struggling to Build Above 0.90
Soft French & German PMI readings pressured back under 0.9000. Bears continue to
target a break of the 100-dma at 0.8892 to confirm a reversal pattern is in
play, opening the Nov 28 low at 0.8810. Bulls initially need to clear the 50%
retracement level at 0.9020, before focusing on the heavily congested 0.9090/00
zone for the next leg higher. This area also holds the GBPEUR equivalent of
E1.10 which is seen as a key psychological level.

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