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December Low At Stg0.8689.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: December Low At Stg0.8689 Survives Pressure
*RES 4: Stg0.8838 Jan 18 high
*RES 3: Stg0.8802 Jan 18 low, now resistance
*RES 2: Stg0.8796 Jan 23 high
*RES 1: Stg0.8786 Jan 25 high
*PRICE: Stg0.8763 @1618GMT
*SUP 1: Stg0.8708/10 1% volatility band, hourly support
*SUP 2: Stg0.8687/89 Jan 25, Dec 8 lows
*SUP 3: Stg0.8620 2% volatility band
*SUP 4: Stg0.8543/47 Swing target, 76.4% Stg0.8313-Stg0.9306
*COMMENTARY* The Dec 8 low at Stg0.8689 was squeezed on Thursday, a slightly
lower Stg0.8687 seen, before bouncing again. This now allows some interim
Stg0.8710-Stg0.8708 support above. Will need to sustain a move back through
Stg0.8770-Stg0.8775 however, before once again being in a position to challenge
Stg0.8796, above which is required to continue the correction of losses from the
month's earlier Stg0.8925-Stg0.8930 highs.

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