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Trading below the 200-dma:......>

EURO-STERLING TECHS: Trading below the 200-dma:
*RES 4: 0.9006/15 Channel resistance drawn off Aug 12 high / High Sep 9
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8902 High Sep 16
*RES 1: 0.8894 High Sep 19
*PRICE: 0.8812 @ 04:32 GMT Sep 20
*SUP 1: 0.8804 Low Sep 19
*SUP 2: 0.8798 Bear channel base
*SUP 3: 0.8772 Low May 22
*SUP 4: 0.8725 Low Jun 21
EURGBP pushed lower again Thursday with prices trading below the 200-dma. The
technical outlook is broadly unchanged and remains bearish. The 0.8809
objective, 61.8% Fibonacci retracement has been achieved and attention turns to
0.8772 and 0.8725, May 22 and 21 lows respectively. Momentum and moving average
studies continue to point south. On the upside, resistance is located
yesterday's 0.8894 high.

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