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Weekly Low EURGBP extended......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Weekly Low
EURGBP extended the corrective pullback through 0.90, before forming a base
ahead of 0.8950. Bears target a break of the 100-dma at 0.8891 to confirm a
reversal pattern is in play, opening the Nov 28 low at 0.8810. Bulls initially
need a close above 0.90, before focusing on the heavily congested 0.9090/00 zone
for the next leg higher. This area also holds the GBPEUR equivalent of E1.10
which is seen as a key psychological level.

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