Holds Above Key.................>

EURO-STERLING TECHS: Holds Above Key Stg0.8782-Stg0.8784 Support On Tuesday

*RES 4: Stg0.8939 Nov 2 high

*RES 3: Stg0.8912 Hourly recovery high Nov 3

*RES 2: Stg0.8885 Hourly recovery high Nov 6 

*RES 1: Stg0.8863/73 Intraday high, Nov 3 low

*PRICE: Stg0.8849 @1630GMT

*SUP 1: Stg0.8791 Nov 7 low

*SUP 2: Stg0.8782/84 76.4% of Stg0.8733-Stg0.8939, Nov 1 high

*SUP 3: Stg0.8741 1% volatility band

*SUP 4: Stg0.8733 Nov 1 low

*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, initially a move above 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 see Stg0.8873-Stg0.8912 come back into play. Loss of

Stg0.8791-Stg0.8782 and then the 1% vol band protects Stg0.8733-Stg0.8692.