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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: Stg0.9013 Nov 15 high, 1.618 swing 0.8920-0.8771
*RES 3: Stg0.8981 1% volatility band, Nov 28 high
*RES 2: Stg0.8968 Mar 7 high
*RES 1: Stg0.8935/45 Hourly resistance
*PRICE: Stg0.8883 @0929GMT
*SUP 1: Stg0.8870/75 Hourly support, Mar 9 low
*SUP 2: Stg0.8844 Feb 27 high, now support
*SUP 3: Stg0.8815/20 Hourly congestion Feb 26-Feb 27
*SUP 4: Stg0.8803 1% volatility band
*COMMENTARY* It seems we are not quite ready for a challenge to the top of the
congested trading area that has prevailed for the last 6 months, let alone a
break out. The failure below Stg0.8981-Stg0.9032 last week, has seen a return
into the recent range. Near term support comes from Stg0.8875-Stg0.8870 and this
protects against a deeper Stg0.8844-Stg0.8815 fall. Meanwhile,
Stg0.8935-Stg0.8968 bars the way higher again. 

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