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Super Tight Range Trading.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Super Tight Range Trading
EURGBP has been trading in a very tight range this morning between 0.8773 and
0.8787. After spiking above 0.88 yesterday on soft UK CPI data, EURGBP dropped
to 0.8765 overnight returning the focus to the downside. A close below 0.8750
would open the Oct 10 low at 0.8723. Bulls continue to target the 200-dma & Oct
14 high at 0.8836, this level also coincides with neckline support and is seen a
key area of resistance. Above here opens the 50% retracement level & 100-dma at
0.8860/78.

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