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Hold Of Key.....................>

EURO-STERLING TECHS
EURO-STERLING TECHS: Hold Of Key Stg0.8782-Stg0.8784 Support Begins Correction
*RES 4: Stg0.8939 Nov 2 high
*RES 3: Stg0.8920 1% volatility band
*RES 2: Stg0.8912 Hourly recovery high Nov 3
*RES 1: Stg0.8885 Hourly recovery high Nov 6 
*PRICE: Stg0.8872 @1645GMT
*SUP 1: Stg0.8824 Intraday low
*SUP 2: Stg0.8791 Nov 7 low
*SUP 3: Stg0.8782/84 76.4% of Stg0.8733-Stg0.8939, Nov 1 high
*SUP 4: Stg0.8740 1% volatility band
*COMMENTARY* Found support from Stg0.8791 on Tuesday, thereby saving the
downside from a test to the pivotal Stg0.8784-Stg0.8782 area. That said, still
has some work to do, another move above back Stg0.8850 would be helpful and
allow for some greater correction of the recent fall from the month's earlier
Stg0.8939 high. This would now see Stg0.8885-Stg0.8912 come back into play. In
the meantime, the day's Stg0.8824 low acts as intermediate support.

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