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Weekly Bear Channel Top.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Weekly Bear Channel Top Capping
*RES 4: Gbp0.8857 55-WMA 
*RES 3: Gbp0.8842 200-DMA 
*RES 2: Gbp0.8810 Weekly Bear channel top off 2017 High 
*RES 1: Gbp0.8749 55-DMA
*PRICE: Gbp0.8743 @ 0430GMT
*SUP 1: Gbp0.8724 Low June 1 
*SUP 2: Gbp0.8694 Hourly support May 30 
*SUP 3: Gbp0.8678 Low Apr 26 
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Follow through on pops above the 100-DMA (Gbp0.8788) remains
lacking with the pair capped around the weekly bear channel top (Gbp0.8810) off
2017 highs last week and closing below the 55-DMA Friday. Bears look for a close
below Gbp0.8694 to confirm a return in focus to tests of 2018 lows. Bulls now
need a close above the 55-WMA to confirm a break of the channel top and to shift
initial focus back to 2018 highs.

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