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EURO-STERLING TECHS: Once Again In The Middle Of The Well Travelled Range
*RES 4: Stg0.8837/42 Jun 7, May 4 highs
*RES 3: Stg0.8832 Jun 11, Jun 12 highs
*RES 2: Stg0.8810 Jun 1 high
*RES 1: Stg0.8790/00 Hourly highs/lows Jun 12-13
*PRICE: Stg0.8786 @1554GMT
*SUP 1: Stg0.8730/35 Hourly support
*SUP 2: Stg0.8717 Jun 15 low
*SUP 3: Stg0.8697 May 29 low
*SUP 4: Stg0.8681/85 Apr 26 low, 1% volatility band
*COMMENTARY* Last week once again faltered on the approach to the resistance of
note between Stg0.8837-Stg0.8842. Saw a high of Stg0.8832 but the subsequent
pullback from there has been relatively swift, with Stg0.8780-Stg0.8750 support
giving way and allowing a dip back to and slightly below the recent Stg0.8721-24
lows. Near term Stg0.8790-Stg0.8800 now provides resistance to any recovery,
Stg0.8697-Stg0.8681 next on a break below Stg0.8730-Stg0.8717.