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Continues Lower,................>

EURO-STERLING TECHS
EURO-STERLING TECHS: Continues Lower, Stg0.8756-Stg0.8745 Next Target Zone
*RES 4: Stg0.8900 Hourly low Nov 28, now resistance
*RES 3: Stg0.8880 Hourly recovery high Nov 28
*RES 2: Stg0.8847 Nov 28 low, now resistance
*RES 1: Stg0.8825/30 Hourly resistance
*PRICE: Stg0.8789 @1055GMT
*SUP 1: Stg0.8766 Nov 2 low
*SUP 2: Stg0.8756 1.618 swing of Stg0.8842-Stg0.8981
*SUP 3: Stg0.8745 Equality from 0.8880 to 0.8982-0.0.8847
*SUP 4: Stg0.8733 Nov 1 low
*COMMENTARY* Unable to sustain the break above the 76.4% Fibo retrace level at
Stg0.8974 on Tuesday, a high of Stg0.8981 before losing ground, which was
exacerbated by the loss of Stg0.8915 support. Below here has seen further
pressure and subsequent break of the next Stg0.8842-Stg0.8840 support area. This
was the protection against a deeper Stg0.8799-Stg0.8756 fall. In the interim,
resistance From Stg0.8825-Stg0.8847, provides the bar to any near term recovery.

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