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Rally Has Decent Resistance.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Has Decent Resistance Between Stg0.8966-Stg0.8969
*RES 4: Stg0.9032 Oct 12 high
*RES 3: Stg0.9013 Nov 15 high
*RES 2: Stg0.8966/69 1% vol, Mar 7 high, 3 month bull channel 
*RES 1: Stg0.8958 Jul 20 high 
*PRICE: Stg0.8930 @1613GMT
*SUP 1: Stg0.8911 Intraday low
*SUP 2: Stg0.8890/99 Jul 29, Jul 9 highs, now support
*SUP 3: Stg0.8866/73 Jul 13 high, Jul 17 low
*SUP 4: Stg0.8850 Congestion area Jun 28-Jul 17
*COMMENTARY* Last week's break above the 9 month bear channel top at Stg0.8908
has seen a rally towards next key resistance from the Stg0.8966-Stg0.8969
region. This the upper 1% volatility band, the Mar 7 high and the current level
of the 3 month bull channel top projection. While capped into here, look for
support from around Stg0.8913 and then Stg0.8899-Stg0.8890. Loss of the latter
would caution now. Above Stg0.8969 and not much until Stg0.9013. 

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