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EURO-STERLING TECHS: YTD Lows Next Up
EURGBP remains defensive after losing its grip on the 0.86 level yesterday. This
puts the focus back on the ytd Feb 27 low at 0.8529, with a close below adding
further weight to the large topping pattern. Bulls need to take out the Mar 5
high & 38.2% retracement level at 0.8646/48, before challenging the 21-dma & Feb
25 high at 0.8667/99.