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Overbought Near Term On.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Overbought Near Term On Approach To Recent Range High
*RES 4: Stg0.8981 Nov 28 high
*RES 3: Stg0.8951 76.4% Fibo of Stg0.9032-Stg0.8867
*RES 2: Stg0.8936 1% volatility band
*RES 1: Stg0.8926 Jan 12 high
*PRICE: Stg0.8880 @1737GMT
*SUP 1: Stg0.8870/75 Feb 12 low, hourly support
*SUP 2: Stg0.8858 Feb 13 low
*SUP 3: Stg0.8843 Feb 12 low
*SUP 4: Stg0.8820 Initial rally high Feb 8, now support
*COMMENTARY* Continues to rise, albeit slowly ,most recently through the
previously difficult Stg0.8900-Stg0.8909 area. Now has to contend with the
previous range high and upper 1% volatility band between Stg0.8926-Stg0.8936.
Also overbought in the near term. Support comes from Stg0.8875-Stg0.8870 loss
would caution but eyes are probably on the lower Stg0.8858-Stg0.8843 area. Above
Stg0.8936 and the 76.4% Fibo retrace at Stg0.8951 next. 

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