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Topside follow through was......>

EURO-STERLING TECHS
MNI (London)
EURO-STERLING TECHS: Topside follow through was lacking Thursday and Friday
which is a concern for bulls when combined with daily studies at modestly O/B
levels and the Bollinger top at Gbp0.8863. The close below the 200-DMA sees
immediate focus back on Gbp0.8779 where the 55-DMA is noted. Bears now need a
close below the 55-DMA to shift focus back to Gbp0.8669-0.8715. Bulls now need a
close above Gbp0.8840 to gain breathing room and shift focus back to
Gbp0.8868-0.8904.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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