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Rally Aims For Next.............>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Aims For Next Stg0.9194-Stg0.9200 Target Area
*RES 4: Stg0.9252 4 month bull channel top projection
*RES 3: Stg0.9200 1% volatility band
*RES 2: Stg0.9194 1.618 swing of Stg0.9144-Stg0.9063
*RES 1: Stg0.9173 Intraday high
*PRICE: Stg0.9160 @0847GMT
*SUP 1: Stg0.9125/35 Hourly support
*SUP 2: Stg0.9105/11 6 week rising support line, Aug 21 low
*SUP 3: Stg0.9091 Aug 18 low
*SUP 4: Stg0.9063 Aug 17 low
*COMMENTARY* Gradually moving higher, having managed to shake off the shackles
provided by the Stg0.9143-Stg0.9144 area over the earlier part of the month. A
high of Stg0.9173 so far today, as we move towards the next area of interest
between the swing target at Stg0.9194 and the upper 1% volatility band at
Stg0.9200. Initial support now seen from between Stg0.9135-Stg0.9125 but it is
the 6 week rising support line at Stg0.9105 that provides the main back up.

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