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Recovery Continues, Eyes........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Continues, Eyes Stg0.8926-Stg0.8961 Next
*RES 4: Stg0.8961 76.4% Fibo of Stg0.9032-Stg0.8733
*RES 3: Stg0.8939 Nov 2 high
*RES 2: Stg0.8926 1% volatility band
*RES 1: Stg0.8919 Intraday high
*PRICE: Stg0.8901 @1100GMT
*SUP 1: Stg0.8870/75 Hourly support
*SUP 2: Stg0.8840/45 Congestion area Nov 8-Nov 9
*SUP 3: Stg0.8824 Nov 9 low
*SUP 4: Stg0.8791 Nov 7 low
*COMMENTARY* Found support from Stg0.8791 last week, thereby saving the downside
from a test to the pivotal Stg0.8784-Stg0.8782 area. The subsequent recovery has
now broken back above Stg0.8885. This has seen a challenge and slight break
above Stg0.8912 resistance. Above here and the upper 1% volatility band at
Stg0.8926 then becomes the bar to a further Stg0.8939-Stg0.8961 rise. Support
now Stg0.8875-Stg0.8870, with Stg0.8845-Stg0.8840 below.

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