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Rally Attempting Challenge To...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Attempting Challenge To Recent Consolidation Highs
*RES 4: Stg0.8865 1% volatility band
*RES 3: Stg0.8837/42 Jun 7, May 4 highs
*RES 2: Stg0.8832 Jun 11, Jun 12 highs
*RES 1: Stg0.8820 Jun 25 high
*PRICE: Stg0.8804 @0855GMT
*SUP 1: Stg0.8750/60 Hourly support
*SUP 2: Stg0.8726 Jun 21 low
*SUP 3: Stg0.8717 Jun 15 low
*SUP 4: Stg0.8697 May 29 low
*COMMENTARY* Monday saw Stg0.8810 resistance give way but the slightly higher
Stg0.8820 level has frustrated further gains and an attempt on the higher
Stg0.8832-Stg0.8842 area, which has capped rallies over the last couple of
months. Daily studies remain supportive, so while Stg0.8760-Stg0.8750 support
holds, there is the chance to regroup for another challenge. Loss of Stg0.8750
would disappoint and once again see a retreat towards Stg0.8726-Stg0.8717.

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