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Pullback Testing Resolve Of.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Pullback Testing Resolve Of 61.8% Fibo Level
*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: Stg0.8780/85 Hourly resistance
*PRICE: Stg0.8756 @0927GMT
*SUP 1: Stg0.8742 61.8% Fibo of Stg0.8681-Stg0.8842
*SUP 2: Stg0.8714/19 Initial rally high Apr 27, 76.4% Fibo
*SUP 3: Stg0.8696 1% volatility band
*SUP 4: Stg0.8681 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 now leaves the 61.8% Fibo
retrace level at Stg0.8742 as the protection against a further
Stg0.8719-Stg0.8714 fall. Meanwhile, Stg0.8780-Stg0.8785 provides resistance,
Stg0.8810-Stg0.8815 higher.

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