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Fresh Spurt Higher Has..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fresh Spurt Higher Has Stg0.8900-Stg0.8916 Resistance
*RES 4: Stg0.8981 Nov 28 high
*RES 3: Stg0.8916 Equality rise from 0.8760 to 0.8689-0.8845
*RES 2: Stg0.8910 1% volatility band
*RES 1: Stg0.8900 1.618 swing of Stg0.8846-Stg0.8761
*PRICE: Stg0.8881 @1044GMT
*SUP 1: Stg0.8840/50 Hourly support
*SUP 2: Stg0.8829 Dec 20 low
*SUP 3: Stg0.8792 Dec 18 low
*SUP 4: Stg0.8760 Dec 15 low
*COMMENTARY* Rally has continued, leaving Stg0.8868-Stg0.8880 resistance in its
wake. Next up is the swing target at Stg0.8900, with the upper 1% volatility
band and equality rise target in the slightly higher Stg0.8910-Stg0.8916 area.
These currently present the potential bar to a return towards the Nov 28 high at
Stg0.8981. Support is also on the rise, Stg0.8850-Stg0.8840 initially, loss
would caution, putting pressure back on Wednesday's Stg0.8829 low.

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