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Correction Continues............>

EURO-STERLING TECHS
EURO-STERLING TECHS: Correction Continues Stg0.8885-Stg0.8912 Resistance
*RES 4: Stg0.8939 Nov 2 high
*RES 3: Stg0.8924 1% volatility band
*RES 2: Stg0.8912 Hourly recovery high Nov 3
*RES 1: Stg0.8885/90 Hourly recovery high Nov 6, Nov 10 high 
*PRICE: Stg0.8882 @0639GMT
*SUP 1: Stg0.8830/40 Hourly support
*SUP 2: Stg0.8811 Nov 10 low
*SUP 3: Stg0.8791 Nov 7 low
*SUP 4: Stg0.8782/84 76.4% of Stg0.8733-Stg0.8939, Nov 1 high
*COMMENTARY* Found support from Stg0.8791 last Tuesday, thereby saving the
downside from a test to the pivotal Stg0.8784-Stg0.8782 area. That said, still
has some work to do, the subsequent move above back Stg0.8850 has been helpful
and allows for some greater correction of the recent fall from the month's
earlier Stg0.8939 high. This now sees Stg0.8885-Stg0.8912 come back into play.
In the meantime, Thursday's Stg0.8830-40 now acts as intermediate support.

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