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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: Stg0.8876 1% volatility band
*RES 2: Stg0.8847 1.618 swing of Stg0.8828-Stg0.8797
*RES 1: Stg0.8842 May 4 high
*PRICE: Stg0.8830 @0845GMT
*SUP 1: Stg0.8790/97 Hourly support, Jun 27 low
*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 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 Stg0.8797-Stg0.8790 support holds, there is the chance for another
challenge. Directly through Stg0.8842, has resistance from the recent swing
target at Stg0.8847, in the way of further Stg0.8876-Stg0.8886 gains.

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