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Trying to Move Higher After.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Trying to Move Higher
After attempting to close above the broken downtrend from the August highs and
the 100-dma over the past few days, we are trading comfortably above these
levels today. The 38.2% retracement of 0.8621-0.9099 at 0.8916 continues to
provide resistance and we have only close above here once since the beginning of
October. To move the focus to the upside, we need to close above the Aug 31 low
of 0.8938 which would move the bulls' targets to the Sep 24 high of 0.8998. A
close below the 200- and 50-dmas will be required for bears to regain control.

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