Free Trial

Immediate Focus Is On...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Immediate Focus Is On Stg0.8837 Support
*RES 4: Stg0.8954 Nov 17 high
*RES 3: Stg0.8930/35 Hourly congestion highs Nov 16-17
*RES 2: Stg0.8905 Nov 20 high
*RES 1: Stg0.8880/90 Hourly resistance
*PRICE: Stg0.8858 @0820GMT
*SUP 1: Stg0.8837 Nov 13 low
*SUP 2: Stg0.8811 Nov 10 low
*SUP 3: Stg0.8791/00 Nov 7 low, 1% volatility band
*SUP 4: Stg0.8733 Nov 1 low
*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 has
today broken below the 76.4% Fibo level at Stg0.8859. Immediate attention now on
Stg0.8837, below would switch to Stg0.8811-Stg0.8791. Resistance from
Stg0.8880-Stg0.8890 and then yesterday's Stg0.8905 high.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.