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Bear Channel Base Under.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bear Channel Base Under Pressure, 1% Vol Band At Stg0.8624
*RES 4: Stg0.8734/40 Mar 28 low, Apr 11 high
*RES 3: Stg0.8714 Apr 3 low, now resistance
*RES 2: Stg0.8692 Apr 10 low, now resistance
*RES 1: Stg0.8668/70 Mar 22 low, hourly resistance
*PRICE: Stg0.8635 @0934GMT
*SUP 1: Stg0.8624 1% volatility band
*SUP 2: Stg0.8603 May 24 low
*SUP 3: Stg0.8588 1.618 swing of Stg0.8668-Stg0.8798
*SUP 4: Stg0.8547 76.4% Fibo of Stg0.8313-Stg0.9306
*COMMENTARY* The 'Shooting Star' candle close on Mar 27 is still exerting it's
influence, as we break below the year's previous Stg0.8668 low and today trying
to break free of the 6 month bear channel base projection at Stg0.8638. A low of
Stg0.8629 so far, just above the next significant marker, the lower 1%
volatility band at Stg0.8624. Meanwhile, resistance falls to
Stg0.8668-Stg0.8670, above would allow Stg0.8692-Stg0.8714 respite.

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