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Pressure Resumes After..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Pressure Resumes After Failure To Sustain Stg0.8900 Break
*RES 4: Stg0.8930 Jan 12 high
*RES 3: Stg0.8905/09 3 month falling res line, Feb 6 high
*RES 2: Stg0.8891/98 1% volatility band, Feb 7 high
*RES 1: Stg0.8860/65 Hourly resistance
*PRICE: Stg0.8811 @1053GMT
*SUP 1: Stg0.8813 Feb 5 low
*SUP 2: Stg0.8780/90 Feb 1 high, hourly support
*SUP 3: Stg0.8757 Feb 2 low
*SUP 4: Stg0.8715/17 1% volatility band, Feb 1 low
*COMMENTARY* Following the inability to sustain a move back above Stg0.8900,
pressure has resumed on the downside. Support from the Feb 5 low at Stg0.8813 is
under pressure at the time of writing, loss will open up Stg0.8790-Stg0.8780
next, with the Feb 2 low at Stg0.8757 of more consequence below. Meanwhile,
Stg0.8860-Stg0.8865 provides resistance against another Stg0.8891-Stg0.8905
rise.

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