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The cross is also on the move...>

EURO-STERLING TECHS
EURO-STERLING TECHS: The cross is also on the move and trades through 0.9200.
- As we've been highlighting recently, the cross is appreciating within a broad
range it has been trading within since Oct 2016.
- The key level to watch is the top of the range at the 0.9307-0.9325 zone.
- A clear breach together with a break above the Oct 2016 high of 0.9415 would
confirm a range breakout.
- Given what we are seeing in Cable, this would send out an equally strong
bearish Sterling message and once again raise the question: Is the cross heading
to parity?
- GBPCHF is sliding too. See EURGBP chart:
https://emedia.marketnews.com/marketnewsintl/eugb18.gif

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