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Near Term Bear Bias After 8.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Near Term Bear Bias After 8 Week Support Line Break
*RES 4: Stg0.9257 Broken 8 week support line
*RES 3: Stg0.9227 Sep 4 high
*RES 2: Stg0.9213 Sep 5 high
*RES 1: Stg0.9190 Hourly resistance
*PRICE: Stg0.9133 @1551GMT
*SUP 1: Stg0.9130/33 Intraday, Sep 5 lows
*SUP 2: Stg0.9110 1% volatility band
*SUP 3: Stg0.9101 1.618 swing of Stg0.9149-Stg0.9226
*SUP 4: Stg0.9091 38.2% Fibo of Stg0.8743-Stg0.9306
*COMMENTARY* Broke above both the upper 1% volatility band and the 4 month bull
channel top last week but the rally was halted just below the equality rise
target at Stg0.9310. The subsequent pullback, aided by a 'Doji' candle close on
that day, has breached the 8 week support line and also the key near term
support at Stg0.9190. Sustained loss here would concern now and open potential
for a further fall towards Stg0.9101-Stg0.9091. Resistance Stg0.9190-Stg0.9213.

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