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Testing The 55-DMA Once Again...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Testing The 55-DMA Once Again
The 55-dma at 0.8624 continues to define support for EURGBP with bears looking
for a close below this level to return the focus to the downside and open the
0.8600 handle. Below here would extend the downtrend toward the Apr 5 low &
61.8% retracement level at 0.8557/54. Bulls need to clear 0.8700 to strengthen
the uptrend and bring the March 23 high back into view at 0.8723. The 100-dma &
50% retracement of 2019 range are placed behind at 0.8747/91. 

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