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Consolidating After Test To.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Consolidating After Test To The Swing Target At Stg0.8756
*RES 4: Stg0.8930 Congestion area Nov 27-28
*RES 3: Stg0.8900 Hourly low Nov 28, now resistance
*RES 2: Stg0.8868/80 Dec 5 high, hourly recovery high Nov 28
*RES 1: Stg0.8845/55 Hourly resistance
*PRICE: Stg0.8809 @1010GMT
*SUP 1: Stg0.8780/90 Dec 5 low, hourly support
*SUP 2: Stg0.8756 1.618 swing Stg0.8842-Stg0.8981, Dec 4 low
*SUP 3: Stg0.8745 Equality from 0.8880 to 0.8982-0.0.8847
*SUP 4: Stg0.8733 Nov 1 low
*COMMENTARY* Found a base on Monday at the swing target at Stg0.8756, this in
the midst of some congested support levels from between Stg0.8776 and Stg0.8733,
the Nov 1 low. The resultant rally aided by some oversold conditions, overcame
Stg0.8861 resistance but still has Stg0.8868-Stg0.8880 as the brake to a better
Stg0.8900-Stg0.8930 recovery, as we claw back losses from the Nov 28 high at
Stg0.8982. Nearest support Stg0.8790-Stg0.8780.

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