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Lower 1% Volatility Band........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Lower 1% Volatility Band Protects Key Stg0.8813 Fibo Level
*RES 4: Stg0.8925 Series highs Oct 23, Oct 25
*RES 3: Stg0.8902 Oct 27 high
*RES 2: Stg0.8880/86 Oct 25, Oct 23 lows, now resistance
*RES 1: Stg0.8856 Oct 16 low, now resistance
*PRICE: Stg0.8841 @1030GMT
*SUP 1: Stg0.8826 Oct 27 low
*SUP 2: Stg0.8813/17 76.4% Stg0.8746-Stg0.9032, 1% vol band
*SUP 3: Stg0.8746 Sep 27 low
*SUP 4: Stg0.8737 1.618x Stg0.9032-Stg0.8856 from Stg0.9022
*COMMENTARY* With rallies having continued to falter within the key near term
Stg0.8970-Stg0.8994 resistance area, at the beginning of last week. We have
gradually seen recent gains eroded, culminating in a test to the lower 1%
volatility band last Friday. This at the time protecting the next level of note
the 76.4% Fibo retrace at Stg0.8813. In the interim, Stg0.8856 provides initial
resistance, Stg0.8880-Stg0.8886 above.

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