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Rally Still Guided By The.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Still Guided By The Upper 1% Volatility Band
*RES 4: Stg0.9358 2% volatility band
*RES 3: Stg0.9310 Equality rise from 0.8743 to 0.8313-0.8880
*RES 2: Stg0.9282 4 month bull channel top projection
*RES 1: Stg0.9266/68 1% volatility band, Aug 25 high
*PRICE: Stg0.9246 @0940GMT
*SUP 1: Stg0.9210/20 Hourly support
*SUP 2: Stg0.9190 Aug 24 low
*SUP 3: Stg0.9160 Aug 23 low, 7 week rising support line
*SUP 4: Stg0.9144 Aug 16 high, now support
*COMMENTARY* A fresh upside burst on Friday, which once again has been curtailed
around the upper 1% volatility band. For the time being, this stands in the way
of a look at the top of the 4 month bull channel projection and then the
equality rise target from Stg0.8743. Initial support comes from between
Stg0.9210-Stg0.9220 but the Aug 24 low at Stg0.9190 and especially the 7 week
rising support line at Stg0.9160, are more important below.

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