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EURO-STERLING TECHS: YTD lows at 0.8473 next up
The cross clocked its fourth consecutive down day Friday, with firm GBP demand
pressing EUR/GBP toward the YTD lows printed in mid-March at 0.8473. Any fall
through here would see key Fib support tested at the 0.8469 level, marking the
38.2% retracement of the 0.6938 - 0.9415 range. To the upside, bulls need to
recover the 55-dma at 0.8608, before returning the focus to the Apr 23 high and
0.8700 level.