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Rally Backs Away From Last......>

EURO-STERLING TECHS: Rally Backs Away From Last Month's Stg0.9022-32 Highs
*RES 4: Stg0.9087 61.8% Fibo of Stg0.9306-Stg0.8733
*RES 3: Stg0.9054 2% volatility band
*RES 2: Stg0.9022/32 Oct 20, Oct 12 highs
*RES 1: Stg0.8980/90 Hourly resistance
*PRICE: Stg0.8922 @1052GMT
*SUP 1: Stg0.8913 Hourly support
*SUP 2: Stg0.8889 Nov 14 low
*SUP 3: Stg0.8863 Nov 8 high, now support
*SUP 4: Stg0.8854 November rising support line
*COMMENTARY* Tuesday's rise surpassed both 76.4% Fibo resistance from Stg0.8961
and the Oct 24 high at Stg0.8975. Wednesday continued the rally above the upper
1% volatility band, making a challenge toward last month's previous
Stg0.9022-Stg0.9032 highs. Overbought near term and the appearance of a
'Shooting star' candle at Wednesday's close is a concern. Support from
Stg0.Stg0.8913 currently protects against anything more damaging. 

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