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Heads Toward A Test Of..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Heads Toward A Test Of Stg0.8859 Support
*RES 4: Stg0.9015/22 Nov 15, Oct 20 highs
*RES 3: Stg0.8980 Hourly highs Nov 15
*RES 2: Stg0.8954 Nov 17 high
*RES 1: Stg0.8905/15 Hourly resistance
*PRICE: Stg0.8863 @1650GMT
*SUP 1: Stg0.8859 76.4% Stg0.8811-Stg0.9015
*SUP 2: Stg0.8837 Nov 13 low
*SUP 3: Stg0.8811 Nov 10 low
*SUP 4: Stg0.8797 1% volatility band
*COMMENTARY* Faltered at Stg0.9015 last week, shy of the previous month's
Stg0.9022-Stg0.9032 highs. Wednesday's lower close, then saw the appearance of a
bearish 'Shooting Star' candle. This has resulted in a sharp fall, which today
heads towards the next area of support from the 76.4% Fibo level at Stg0.8859. A
loss of the latter will be a further concern, attention then switching to the
Nov 10 low at Stg0.8811. Resistance now Stg0.8905-Stg0.8915.

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