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EURO-STERLING TECHS: Correction Aims To Test Stg0.8974 Fibo Resistance Next
*RES 4: Stg0.9022/32 Oct 20, Oct 12 highs
*RES 3: Stg0.9013 Nov 15 high
*RES 2: Stg0.9000 1% volatility band
*RES 1: Stg0.8974 76.4% Fibo of Stg0.9013-Stg0.8842
*PRICE: Stg0.8937 @1710GMT
*SUP 1: Stg0.8910/20 Hourly support
*SUP 2: Stg0.8893 Nov 24 low
*SUP 3: Stg0.8870 Congestion area Nov 21-23
*SUP 4: Stg0.8837/40 Nov 13 low, 61.8% Stg0.8733-Stg0.9013
*COMMENTARY* Found a base above Stg0.8840-Stg0.8837 support early last week,
subsequently correcting losses sustained since the mid month high at Stg0.9013.
The latest rise through Stg0.8949-Stg0.8954, now sees the 76.4% Fibo retrace
level at Stg0.8974 as the next barrier to the recovery. Meanwhile, nearest
support rises to Stg0.8920-Stg0.8910, loss would caution and allow a deeper
Stg0.8893-Stg0.8870 setback. Stg0.9000-Stg0.9013 on break above Stg0.8974.