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Key Support Has Survived This...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Key Support Has Survived This Week And Generated A Bounce
*RES 4: Stg0.9199 3 month bull channel top projection
*RES 3: Stg0.9143 76.4% of Stg0.9402-Stg0.8305, Oct 10 high
*RES 2: Stg0.9137 1.618 swing of Stg0.9089-Stg 0.9008
*RES 1: Stg0.9119 Intraday high
*PRICE: Stg0.9091 @1533GMT
*SUP 1: Stg0.9065/75 Hourly support, Aug 10 high
*SUP 2: Stg0.9051 Intraday low
*SUP 3: Stg0.9008/09 Aug 10, Aug 9 lows, 4 week support line
*SUP 4: Stg0.8989/96 Aug 2 high, Aug 4 low
*COMMENTARY* Has built on the support provided by the Stg0.9008-Stg0.9009 lows
this week. Today's rise has broken through both Stg0.9075 resistance and also
the swing target at Stg0.9091. The latter had frustrated gains on Tuesday. A
high of Stg0.9119 so far, marginally above the upper 1% volatility band at
Stg0.9111 but so far shy of the next resistance from the Stg0.9137-Stg0.9143
area. As a result, support rises to Stg0.9075-Stg0.9051. 

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