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EURO-STERLING TECHS
EURO-STERLING TECHS: Pullback Heading Towards Test Of Stg0.8719-Stg0.8705
Support
*RES 4: Stg0.8851 Equality rise from 0.8681 to 0.8620-0.8790
*RES 3: Stg0.8835/42 61.8% Stg0.8968-Stg0.8620, May 4 high
*RES 2: Stg0.8810/15 May 8 high, May 4 low
*RES 1: Stg0.8780 Hourly resistance
*PRICE: Stg0.8741 @1643GMT
*SUP 1: Stg0.8719 76.4% Fibo of Stg0.8681-Stg0.8842
*SUP 2: Stg0.8705 61.8% Fibo of Stg0.8620-Stg0.8642
*SUP 3: Stg0.8695 1% volatility band
*SUP 4: Stg0.8673/81 76.4% of Stg0.8620-Stg0.8642, Apr 26 low
*COMMENTARY* Has been unable to sustain the move back into the top half of the 6
month bear channel. A high of Stg0.8842 last week, before succumbing to some
corrective pressure. The loss of Stg0.8761 support yesterday and today the 61.8%
Fibo retrace Stg0.8742, now leaves the Stg0.8719-Stg0.8705 area vulnerable to a
test. Meanwhile, Stg0.8780 provides resistance, Stg0.8810-Stg0.8815 higher.

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