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Rally Enters Next...............>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Enters Next Stg0.9194-Stg0.9215 Target Area
*RES 4: Stg0.9306 1% volatility band
*RES 3: Stg0.9260 4 month bull channel top projection
*RES 2: Stg0.9215 1% volatility band
*RES 1: Stg0.9194 1.618 swing of Stg0.9144-Stg0.9063
*PRICE: Stg0.9195 @0817GMT
*SUP 1: Stg0.9155/61 Aug 22, intraday lows
*SUP 2: Stg0.9144 Aug 16 high, now support
*SUP 3: Stg0.9111/19 Aug 21 low, 6 week rising support line
*SUP 4: Stg0.9091 Aug 18 low
*COMMENTARY* Still moving higher, having shaken off the shackles provided by the
Stg0.9144 area over the earlier part of the month. Now challenging the swing
target at Stg0.9194, above which the upper 1% volatility band at Stg0.9215, is
the next potential brake to this rise. Initial support now seen from between
Stg0.9161-Stg0.9144 but it is the 6 week rising support line at Stg0.9119 and
the Aug 21 low at Stg0.9111 that currently provides the main back up.

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