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Recovery Continues, Aims For....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Continues, Aims For Stg0.8961 Fibo Resistance 
*RES 4: Stg0.9087 61.8% Fibo of Stg0.9306-Stg0.8733
*RES 3: Stg0.9022/32 Oct 20, Oct 12 highs, 2% vol band
*RES 2: Stg0.8975 Oct 24 high
*RES 1: Stg0.8961 76.4% Fibo of Stg0.9032-Stg0.8733
*PRICE: Stg0.8948 @1120GMT
*SUP 1: Stg0.8900/10 Hourly support
*SUP 2: Stg0.8877 Nov 9 high, now support
*SUP 3: Stg0.8845/50 Congestion area Nov 8-9
*SUP 4: Stg0.8824 Nov 9 low
*COMMENTARY* The recovery has continued, surpassing both Stg0.8912 and Stg0.8939
resistance. This now leaves Fibo resistance from Stg0.8961 as the main barrier
to a Stg0.9022-Stg0.9032 return. The upper 2% volatility band, also residing at
the latter today. As a result, nearest support jumps to Stg0.8910-Stg0.8900,
with the Nov 9 high at Stg0.8877 now of more consequence below. 

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