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Doji Candle Pattern Highlights Bullish Reversal


10YY Well Below 3.0%

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Swing Target At Stg0.9091.......>

EURO-STERLING TECHS: Swing Target At Stg0.9091 Halts Rally
*RES 4: Stg0.9170 2% volatility band
*RES 3: Stg0.9143 76.4% of Stg0.9402-Stg0.8305, Oct 10 high
*RES 2: Stg0.9091 1.618 swing of Stg0.9055-Stg0.8996
*RES 1: Stg0.9060/70 Hourly resistance
*PRICE: Stg0.9032 @1618GMT
*SUP 1: Stg0.9010 Hourly support
*SUP 2: Stg0.8989/96 Aug 2 high, Aug 4 low
*SUP 3: Stg0.8969 Jul 28 high, now support
*SUP 4: Stg0.8935/40 Congestion lows Jul 28-Aug 2
*COMMENTARY* The brief move above the upper 1% volatility band on Tuesday was
rewarded with an attempt on the next upside objective, the swing target at
Stg0.9091. Overbought in the near term as a result. A loss of Stg0.9040 will now
see pressure on stronger hourly support from Stg0.9010 and then
Stg0.8989-Stg0.8996. This area should now stay intact, if a deeper correction of
gains from Stg0.8891 is to be avoided. Resistance now from Stg0.9060-70.

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