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Key Near Term Support Has.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Key Near Term Support Has Survived This Week
*RES 4: Stg0.9143 76.4% of Stg0.9402-Stg0.8305, Oct 10 high
*RES 3: Stg0.9108 1% volatility band
*RES 2: Stg0.9091 1.618 swing of Stg0.9055-Stg0.8996
*RES 1: Stg0.9075 Aug 10 high
*PRICE: Stg0.9067 @0942GMT
*SUP 1: Stg0.9008/09 Aug 10, Aug 9 lows, 4 week support line
*SUP 2: Stg0.8989/96 Aug 2 high, Aug 4 low
*SUP 3: Stg0.8969 Jul 28 high, now support
*SUP 4: Stg0.8935/40 Congestion lows Jul 28-Aug 2
*COMMENTARY* The brief move above the upper 1% volatility band on Tuesday was
rewarded with an attempt on the next upside objective, the swing target at
Stg0.9091. The subsequent loss of Stg0.9040 has seen pressure on support around
Stg0.9010 with Stg0.8989-Stg0.8996 below. This area should now stay intact, if a
deeper correction of gains from Stg0.8891 is to be avoided. Resistance now from
Thursday's Stg0.9075 high.

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