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Recovery Faces Initial..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Faces Initial Stg0.8840-Stg0.8867 Resistance 
*RES 4: Stg0.8908 Recovery high Sep 14
*RES 3: Stg0.8878 Hourly base Sep 14, now resistance
*RES 2: Stg0.8867 Sep 14 low, now resistance
*RES 1: Stg0.8840 Hourly resistance 
*PRICE: Stg0.8830 @0938GMT
*SUP 1: Stg0.8774 Sep 15 low
*SUP 2: Stg0.8743 Jul 14 low
*SUP 3: Stg0.8733 2.618% from 0.9202 to prior 0.9306-0.9127
*SUP 4: Stg0.8724 Equality fall from 0.8908 to 0.9051-0.8867
*COMMENTARY* Continued to slide on Friday, losing support from Stg0.8810. A low
of Stg0.8774 so far, ahead of the next batch of downside targets set between
Stg0.8743-Stg0.8724. These a combination of a previous low and two projection
targets. As a result, resistance also falls, Stg0.8840 the initial bar to any
recovery, Thursday's Stg0.8867 low of more interest higher. Below Stg0.8724 and
the 61.8% Fibo retrace awaits at Stg0.8692.

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