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Falters After Assault On........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Falters After Assault On Previous Stg0.8925 High
*RES 4: Stg0.8981 Nov 28 high
*RES 3: Stg0.8951/52 76.4% of 0.9032-0.8689, 1% vol band
*RES 2: Stg0.8925/30 Jan 4, intraday highs
*RES 1: Stg0.8900 Hourly resistance
*PRICE: Stg0.8863 @1713GMT
*SUP 1: Stg0.8855/60 Hourly congestion Jan 10-11
*SUP 2: Stg0.8840 Hourly low Jan 10
*SUP 3: Stg0.8827 Initial recovery high Jan 10, now support
*SUP 4: Stg0.8809 Jan 9 low
*COMMENTARY* Having held into the key Stg0.8805-Stg0.8810 support area this
week, yesterday saw an extension of the recovery begun on Wednesday with the
rally to Stg0.8873. Thursday's further rise through here and Stg0.8900 is again
encouraging, now needing to sustain a move through here, to be in a place to
challenge Stg0.8925 again. Support rises to Stg0.8860-Stg0.8855 with Stg0.8840
currently of more importance lower.

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