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Topside Failure A Concern.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Topside Failure A Concern
*RES 4: Gbp0.9025 High Nov 9
*RES 3: Gbp0.8994 2017 High July 21
*RES 2: Gbp0.8988 High Aug 2
*RES 1: Gbp0.8968 Hourly resistance Aug 2
*PRICE: Gbp0.8960 @ 0430GMT
*SUP 1: Gbp0.8922 Low Aug 1 
*SUP 2: Gbp0.8895 21-DMA 
*SUP 3: Gbp0.8890 Low July 27 
*SUP 4: Gbp0.8867 Alternating hourly support/resistance
*COMMENTARY: The lack of topside follow through Wednesday leaves a double daily
top in place Gbp0.8988-94 which is a concern when combined with daily studies
looking to correct from O/B and increases the risk of a correction back to
Gbp0.8805-67. Bulls now need a close above Gbp0.8968 to gain breathing room and
above 2017 highs to reconfirm a bullish bias and initially target Gbp0.9025-68.
Bears need a close below Gbp0.8922 to add weight to their case.

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