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Struggling to Gain Traction.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Struggling to Gain Traction
Failure to consolidate above the 0.8945/50 area suggests the broader rally is
losing steam and shifting focus back towards the downside. 0.8880 remains the
near-term support area, a break of which would shift the outlook bearish. A
close below 0.8855 would cement any bearish outlook before any challenge on the
200-dma at 0.8823. Bulls need to reclaim the 0.9000 level to regain control and
test the 0.9031/33 area. Above here targets the 2% volatility band at 0.9114.

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