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Fresh Fall Has Stg0.8840........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fresh Fall Has Stg0.8840 Protecting Stg0.8810-Stg0.8799
*RES 4: Stg0.8945/50 Hourly congestion Nov 24-27
*RES 3: Stg0.8915 Initial base Nov 28, now resistance
*RES 2: Stg0.8893 Nov 24 low, now resistance
*RES 1: Stg0.8873 Intraday high
*PRICE: Stg0.8843 @0826GMT
*SUP 1: Stg0.8840 61.8% Fibo of Stg0.8733-Stg0.9013
*SUP 2: Stg0.8810 Equality fall from 0.8981 to 0.9013-0.8842
*SUP 3: Stg0.8799 76.4% of Stg0.8733-Stg0.9013, 1% vol band
*SUP 4: Stg0.8733 Nov 1 low
*COMMENTARY* Unable to sustain the break above the 76.4% Fibo retrace level at
Stg0.8974 on Tuesday, a high of Stg0.8982 before losing ground, which was
exacerbated by the loss of Stg0.8915 support. Below here has allowed a return to
the Nov 21 low at Stg0.8842 and the 61.8% Fibo retrace at Stg0.8840. This area
is currently the protection against a deeper Stg0.8810-Stg0.8799 fall. In the
interim, resistance From Stg0.8873-Stg0.8893, with that Stg0.8915 level above.

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