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Support Exposed *RES 4:.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Support Exposed
*RES 4: 0.9187 61.8% Fibonacci retracement of the Mar - Apr decline
*RES 3: 0.9086 50.0% Fibonacci retracement of the Mar - Apr decline
*RES 2: 0.9055/57 High May 29 / Double bottom projection
*RES 1: 0.9007 High Jun 4
*PRICE: 0.8899 @ 16:50 BST Jun 8
*SUP 1: 0.8867 Low Jun 2
*SUP 2: 0.8857 1.0% Lower 10-dma envelope
*SUP 3: 0.8852 50-day EMA
*SUP 4: 0.8826 Low May 14 and key near-term support
EURGBP found resistance at 0.9055 on May 29 high and this led to a strong
initial sell-off. An attempt to push high following a recovery off 0.8867, Jun 2
low has failed and following Friday's sell-off, the cross again appears
vulnerable. Attention is on 0.8867, a key intraday support with the 50-day EMA
at 0.8852. A clear break of 0,8867-52 would signal scope for a deeper pullback
and expose 0.8826, May 14 low and 0.8808, May 13 low. Resistance is at 0.9007.

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