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Uptrend Losing Momentum.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Uptrend Losing Momentum
Despite EURGBP briefly trading above the 0.89 level for the first time since
mid-Jan, the pair closed near its lows suggesting the uptrend is losing
momentum. Bears now look for a close back under broken pivotal
resistance-turned-support at 0.8825 to open a return to the 0.8800 level, ahead
of the 200-dma at 0.8784. Bulls need to recover the 0.89 handle to bring the Dec
31 low into view at 0.8927, ahead of the 76.4% fibo of the Jan-Mar fall at
0.8958.

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