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Topside Capped Ahead of.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Topside Capped Ahead of 200-DMA
Weekend Brexit headlines squeezed EURGBP to 0.8836, but failed to take out the
200-dma. The level also coincides with neckline support and is seen a very key
area of resistance. Downside momentum has since returned with focus on the
0.8750 level. Below here the broader bearish trend continues with the Oct 10 low
of 0.8723 the next downside target ahead of a potential run at the May 30 lows
at 0.8699. Bulls need to recover the 200-dma and build on momentum to shift the
outlook more positive.

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