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Weak Close Gives Bears The......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Weak Close Gives Bears The Edge
EURUSD has reversed to the downside after yesterday's squeeze to 1.1420 which
gives bears the near term edge. Downside focus remains on the Feb 15 low at
1.1234, a break would trigger a potential bear flag, strengthening the downtrend
toward 1.1187 which represents the 61.8% retracement of 1.0341-1.2555. Bulls
look to regain yesterday's high to re-ignite momentum and bring the cloud top &
61.8% retracement level into view at 1.1439/42. A break opens down trendline
resistance & Jan 15 high at 1.1455/90. 

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