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A Stg0.8900 Break Still The.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: A Stg0.8900 Break Still The Key To Greater Corrective Hopes
*RES 4: Stg0.9026 50% Fibo of Stg0.9306-Stg0.8746
*RES 3: Stg0.8995 1.618 swing of Stg0.8900-Stg0.8746
*RES 2: Stg0.8960 38.2% Fibo of Stg0.9306-Stg0.8746
*RES 1: Stg0.8900 1% volatility band, Sep 19 high
*PRICE: Stg0.8874 @0810GMT
*SUP 1: Stg0.8835/45 Hourly support
*SUP 2: Stg0.8822 Oct 3 low
*SUP 3: Stg0.8801 Oct 2 low
*SUP 4: Stg0.8770/75 Hourly congestion Sep 27-28
*COMMENTARY* Unable to break back above the key Stg0.8900 resistance last month.
As a result, pressure returned to the downside with a low of Stg0.8746, just
above the important Stg0.8743 level. The subsequent recovery, on the back of
some near term oversold conditions, has now overcome resistance from
Stg0.8865-Stg0.8869 and can see a challenge to Stg0.8900 again. Above and not
much ahead of Stg0.8960. Support rises to Stg0.8845-Stg0.8822.

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