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Finally Some Movement Within....>

EURO-STERLING TECHS: Finally Some Movement Within The Bear Channel
*RES 4: Stg0.8810 May 8 high
*RES 3: Stg0.8797 May 23 high
*RES 2: Stg0.8775 Hourly highs May 22-25
*RES 1: Stg0.8745/50 Hourly resistance
*PRICE: Stg0.8707 @0940GMT
*SUP 1: Stg0.8703/05 Intraday low, 61.8% Stg0.8620-Stg0.8842
*SUP 2: Stg0.8681 Apr 26 low
*SUP 3: Stg0.8673 76.4% Fibo of Stg0.8620-Stg0.8842
*SUP 4: Stg0.8658/61 1% vol band, swing Stg0.8713-Stg0.8797
*COMMENTARY* At last some movement, albeit still within the well worn range.
Today's move lower through Stg0.8713 finally testing the 61.8% Fibo retrace
level at Stg0.8705. A continued move lower will see the Apr 26 low at Stg0.8681
come back into view, ahead of the next Fibo retrace level at Stg0.8673.
Meanwhile, resistance comes from Stg0.8745-Stg0.8750 and then the congested
Stg0.8775 area.

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