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Pulling Back After Last.........>

EURO-STERLING TECHS: Pulling Back After Last Friday's 'Gravestone Doji' Close 
*RES 4: Stg0.8911/18 1.618 swing Stg0.8837-Stg0.8717, 1% vol
*RES 3: Stg0.8886/91 76.4% Stg0.8968-Stg0.8620, Jun 29 high
*RES 2: Stg0.8869 Jul 2 high
*RES 1: Stg0.8855 Hourly resistance
*PRICE: Stg0.8849 @0730GMT
*SUP 1: Stg0.8797/01 Jun 27, Jul 4 lows, Jun 20 high
*SUP 2: Stg0.8784 61.8% Fibo of Stg0.8718-Stg0.8891
*SUP 3: Stg0.8759 76.4% Fibo of Stg0.8718-Stg0.8891
*SUP 4: Stg0.8741 1% volatility band
*COMMENTARY* Stg0.8891 has been the top of the rally so far, just through the
76.4% Fibo retrace level at Stg0.8886 but shy of the upper 1% volatility band
and the swing target at Stg0.8911. All of these beneath the 8 month bear channel
top, which currently resides at Stg0.8920. The subsequent slip has been
encouraged by the almost 'Gravestone Doji' like candle close last Friday.
Support from between Stg0.8801-Stg0.8797 now protecting Stg0.8784-Stg0.8759.

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