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Pressure Returns To The.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Pressure Returns To The Downside And On Stg0.8855-Stg0.8830
*RES 4: Stg0.8976/80 Oct 24 high, hourly recovery high Oct 20
*RES 3: Stg0.8957 Oct 26 high
*RES 2: Stg0.8932 Initial pullback low Oct 26, now resistance
*RES 1: Stg0.8905/15 Hourly resistance
*PRICE: Stg0.8880 @0950GMT
*SUP 1: Stg0.8851/55 I'day low, 61.8% of Stg0.8746-Stg0.9032 
*SUP 2: Stg0.8830 1.618 swing of Stg0.8886-Stg0.8976
*SUP 3: Stg0.8826 1% volatility band
*SUP 4: Stg0.8813 76.4% Fibo of Stg0.8746-Stg0.9032
*COMMENTARY* Rallies have continued to falter within the key near term
Stg0.8970-Stg0.8994 resistance area. Failure to break the latter has had a
negative near term impact. The subsequent move back below Stg0.8900-Stg0.8895
has seen the recent Stg0.8880 range base lost. This sees the Stg0.8855-Stg0.8830
area come back into focus and protecting the Stg0.8813 Fibo level. In the
interim, Stg0.8905-Stg0.8915 provides resistance, Stg0.8932 above.

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