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Rally Makes A Challenge To......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Makes A Challenge To Stg0.9143 Fibo Retrace Level
*RES 4: Stg0.9230 3 month bull channel top projection
*RES 3: Stg0.9165 1% volatility band
*RES 2: Stg0.9161 1.618 swing of Stg0.9119-Stg0.9051
*RES 1: Stg0.9143/44 76.4% Stg0.9402-Stg0.8305, Aug 16 high
*PRICE: Stg0.9101 @0945GMT
*SUP 1: Stg0.9083 Aug 16 low
*SUP 2: Stg0.9063 5 week rising support line
*SUP 3: Stg0.9040/51 76.4% of Stg0.9008-Stg0.9144, Aug 15 low
*SUP 4: Stg0.9008/09 Aug 10, Aug 9 lows
*COMMENTARY* Has built on support provided by the Stg0.9008-09 lows last week,
followed by a move back above Stg0.9091-Stg0.9119 resistance. This has
culminated in a challenge to the key Stg0.9143 area. Will need to sustain a move
through here, before the next targets between Stg0.9161 and the upper 1%
volatility band at Stg0.9165 can be met. Meanwhile, the 5 week support line at
Stg0.9063 and the 76.4% Fibo retrace level at Stg0.9040 now provide key support.

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