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Rally Challenges And Falters....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Challenges And Falters At Upper 1% Volatility Band
*RES 4: Stg0.9032 Oct 12 high
*RES 3: Stg0.9013 Nov 15 high, 1.618 swing 0.8920-0.8771
*RES 2: Stg0.8977/81 1% volatility band, Nov 28 high
*RES 1: Stg0.8968 Mar 7 high
*PRICE: Stg0.8908 @1030GMT
*SUP 1: Stg0.8900/05 Hourly support
*SUP 2: Stg0.8885 Mar 5 low
*SUP 3: Stg0.8864 Feb 22 high, now support
*SUP 4: Stg0.8844 Feb 27 high, now support
*COMMENTARY* Broke above the 76.4% Fibo retrace level at Stg0.8951 on Wednesday
and the upper 1% volatility band, at Stg0.8968 at the time, was also challenged.
Clearly sustained move through the latter, now at Stg0.8977 and the Nov 28 high
at Stg0.8981 is required before the chance of testing Stg0.9013. In the interim,
support comes from above Stg0.8905-Stg0.8885. A loss of the latter would caution
and weaken the immediate upside argument.

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