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Finally Some Movement Within....>

EURO-STERLING TECHS: Finally Some Movement Within The Well Established 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: Stg0.8760 Hourly resistance
*PRICE: Stg0.8749 @0924GMT
*SUP 1: Stg0.8697 May 29 low
*SUP 2: Stg0.8681 Apr 26 low
*SUP 3: Stg0.8673 76.4% Fibo of Stg0.8620-Stg0.8842
*SUP 4: Stg0.8657/61 1% vol band, swing Stg0.8713-Stg0.8797
*COMMENTARY* Finally some movement seen yesterday, albeit still within the well
worn range. The move lower through Stg0.8713 finally testing the 61.8% Fibo
retrace level at Stg0.8705 and posting a Stg0.8697 low. A continued move lower
would 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 Stg0.8760 and
then the congested Stg0.8775 area but Stg0.8797-Stg0.8810 remains key.

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