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Fresh Gains Target The..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fresh Gains Target The Stg0.9028-Stg0.9058 Area Next
*RES 4: Stg0.9143 76.4% of Stg0.9402-Stg0.8305, Oct 10 high
*RES 3: Stg0.9052/58 Nov 2 high, swing Stg0.8994-Stg0.8891
*RES 2: Stg0.9044 1% volatility band
*RES 1: Stg0.9028 Nov 9 high
*PRICE: Stg0.9030 @1211GMT
*SUP 1: Stg0.8989 Aug 2 high, now support
*SUP 2: Stg0.8964 Hourly support
*SUP 3: Stg0.8946 Intraday hourly base
*SUP 4: Stg0.8922/23 Aug 1, intraday lows
*COMMENTARY* We have seen a fall back towards the base of the recent range at
Stg0.8922 but the subsequent rally has been impressive, gliding through the
former Stg0.8989 high and now headed towards next resistance situated between
the Nov 9 high at Stg0.9028 and the upper 1% volatility band at Stg0.9044.
Meanwhile, support rises to Stg0.8989 and then the Stg0.8964-Stg0.8946 area.
Directly above Stg0.9044 and look to Stg0.9052-58 next.

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