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Rally Making Its Way Toward A...>

EURO-STERLING TECHS: Rally Making Its Way Toward A Stg0.9137-Stg0.9143 Challenge
*RES 4: Stg0.9214 3 month bull channel top projection
*RES 3: Stg0.9161 1.618 swing of Stg0.9119-Stg0.9051
*RES 2: Stg0.9143 76.4% of Stg0.9402-Stg0.8305, Oct 10 high
*RES 1: Stg0.9137/40 1.618 swing Stg0.9089-Stg 0.9008, 1% vol
*PRICE: Stg0.9128 @1601GMT
*SUP 1: Stg0.9070/80 Hourly support
*SUP 2: Stg0.9051 Aug 11 low
*SUP 3: Stg0.9036 5 week rising support line
*SUP 4: Stg0.9008/09 Aug 10, Aug 9 lows
*COMMENTARY* Has built on the support provided by the Stg0.9008-Stg0.9009 lows
last week, culminating in a move back above the swing target at Stg0.9091.
Today's move through the previous Stg0.9119 high has seen a challenge towards
the key Stg0.9137-Stg0.9143 area. Will need to sustain a move through here,
before the next swing target at Stg0.9161 can be met. Support from Stg0.9070-80
should now hold, else Friday's Stg0.9051 low comes back under pressure.

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