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Rally Attempting Challenge To...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Attempting Challenge To Recent Consolidation Highs
*RES 4: Stg0.8886 76.4% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8865 1% volatility band
*RES 2: Stg0.8837/42 Jun 7, May 4 highs
*RES 1: Stg0.8832 Jun 11, Jun 12 highs
*PRICE: Stg0.8822 @1600GMT
*SUP 1: Stg0.8790/00 Hourly support
*SUP 2: Stg0.8760 Congestion area Jun 18-22
*SUP 3: Stg0.8745 Hourly basing area Jun 15-18
*SUP 4: Stg0.8717/26 Jun 15, Jun 21 lows
*COMMENTARY* Has continued to chip away at recent highs around Stg0.8823 in an
effort to once again reach and attempt to break, the Stg0.8832-Stg0.8842 area,
which has capped rallies over the last couple of months. Daily studies remain
supportive, so while Stg0.8800-Stg0.8790 support holds, there is the chance for
another challenge. Loss of Stg0.8790 would take the sting out of the recent
rally and once again point to a pullback within the range.

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