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Rally Challenges The Upper 1%...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Challenges The 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: Stg0.8981 Nov 28 high
*RES 1: Stg0.8968 Mar 7 high, 1% volatility band
*PRICE: Stg0.8908 @1649GMT
*SUP 1: Stg0.8905 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 yesterday and
the upper 1% volatility band at Stg0.8968 was also challenged. Clearly sustained
move through here needed before the Nov 28 high at Stg0.8981 becomes viable,
ahead of stronger resistance from Stg0.9013. In the interim, support comes from
above Stg0.8905. A loss of the latter would caution and weaken the immediate
upside argument.

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