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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: Stg0.8876 @1655GMT
*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.

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