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Pullback From Recent Range......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Pullback From Recent Range Top Tests Stg0.8805 On Tuesday
*RES 4: Stg0.8920/26 Feb 14, Jan 12 highs
*RES 3: Stg0.8890 Feb 16 high
*RES 2: Stg0.8870/75 Feb 19 high, Feb 14 low
*RES 1: Stg0.8858 Intraday high
*PRICE: Stg0.8827 @1636GMT
*SUP 1: Stg0.8805 61.8% of Stg0.8732-Stg0.8920, Feb 20 low
*SUP 2: Stg0.8776/79 76.4% of Stg0.8732-Stg0.8920, Feb 9 low
*SUP 3: Stg0.8766 1% volatility band
*SUP 4: Stg0.8732/42 Feb 8 low, 76.4% of Stg0.8687-Stg0.8920
*COMMENTARY* Continues to lose ground following the failure to deal with range
top resistance at Stg0.8926 last week. Tuesday's loss of Stg0.8843-Stg0.8841
support now sees the first of two dual Fibo support levels at Stg0.8805 as the
next potential target. Any lower and the second dual support from Stg0.8776 then
comes into play. Meanwhile, Stg0.8848-Stg0.8855 becomes resistance,
Stg0.8870-Stg0.8875 currently more important above.

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