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Near Term Support Exists From...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Near Term Support Exists From Between Stg0.8844-Stg0.8837
*RES 4: Stg0.8981/88 Nov 28 high, 1% volatility band
*RES 3: Stg0.8968 Mar 7 high
*RES 2: Stg0.8925/40 Hourly highs Mar 8, Mar 5
*RES 1: Stg0.8895/00 Hourly resistance
*PRICE: Stg0.8856 @0924GMT
*SUP 1: Stg0.8837/44 Mar 1 low, Feb 27 high
*SUP 2: Stg0.8815/20 Hourly congestion Feb 26-Feb 27
*SUP 3: Stg0.8804 1% volatility band
*SUP 4: Stg0.8771 Feb 26 low
*COMMENTARY* It seems that we were not quite ready for a challenge to the top of
the congested trading area that has prevailed for the last 6 months, let alone a
break out. The failure below Stg0.8981 last week, has seen a return into the
recent range. Near term support from Stg0.8875-Stg0.8870 has been lost and opens
the way for a deeper Stg0.8844-Stg0.8815 fall. Meanwhile, Stg0.8895-Stg0.8900
currently bars the way higher again. 

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