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Above Stg0.9039 Needed To.......>

EURO-STERLING TECHS: Above Stg0.9039 Needed To Provide Near Term Respite
*RES 4: Stg0.9119/22 Sep 7 low, Sep 11 high
*RES 3: Stg0.9091/94 Hourly highs Sep 11
*RES 2: Stg0.9069 Broken 4 month support line
*RES 1: Stg0.9037/39 Hourly resistance
*PRICE: Stg0.9020 @0924GMT
*SUP 1: Stg0.8975 Hourly support
*SUP 2: Stg0.8958 61.8% Fibo of Stg0.8743-Stg0.9306
*SUP 3: Stg0.8918/27 2% vol band, 38.2% Stg0.8313-Stg0.9306
*SUP 4: Stg0.8876/80 76.4% Stg0.8743-Stg0.9306, Jun 28 high
*COMMENTARY* The setback from last month's Stg0.9306 high broke below key
support from between Stg0.9100-Stg0.9091 on Monday and Tuesday lost support from
the lower 1% volatility band and also the 4 month rising support line at
Stg0.9069. A low of Stg0.8975 seen so far, ahead of what looks a stronger area
between Stg0.8958-Stg0.8927. In the interim, nearest resistance falls to
Stg0.9037-St0.9039, above would give a lift and some near term respite.

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