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Familiar Stg0.8832-Stg0.8837....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Familiar Stg0.8832-Stg0.8837 Resistance Proves Too Tough
*RES 4: Stg0.8837/42 Jun 7, May 4 highs
*RES 3: Stg0.8832 Jun 11, Jun 12 highs
*RES 2: Stg0.8790/00 Hourly highs/lows Jun 12-13
*RES 1: Stg0.8770 Jun 12 low, now resistance
*PRICE: Stg0.8737 @0940GMT
*SUP 1: Stg0.8721/24 Jun 14, Jun 5 lows
*SUP 2: Stg0.8697 May 29 low
*SUP 3: Stg0.8688 1% volatility band
*SUP 4: Stg0.8681 Apr 26 low
*COMMENTARY* Once again faltered on the approach to the next resistance of note
between Stg0.8837-Stg0.8842. Have seen highs of Stg0.8832 this week but the
subsequent pullback from there has been relatively swift, with
Stg0.8780-Stg0.8750 support giving way Thursday and allowing a dip back to and
slightly below the recent Stg0.8724 lows. Near term Stg0.8770-Stg0.8800 now
provides resistance, Stg0.8697-Stg0.8681 next below Stg0.8824.

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