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Recovery Fails To Break Key.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Fails To Break Key Stg0.8900-Stg0.8908 Resistance
*RES 4: Stg0.8977/82 38.2% Stg0.9306-Stg0.8774, Sep 12 low
*RES 3: Stg0.8900/08 23.6% Fibo retrace, recovery high Sep 14
*RES 2: Stg0.8875 Congestion area Sep 19-20
*RES 1: Stg0.8845/50 Hourly resistance
*PRICE: Stg0.8805 @1520GMT
*SUP 1: Stg0.8798 Sep 20 low
*SUP 2: Stg0.8774 Sep 15 low
*SUP 3: Stg0.8743 Jul 14 low, 2% volatility band
*SUP 4: Stg0.8692 61.8% Fibo of Stg0.8313-Stg0.9306
*COMMENTARY* Unable as yet to find the strength for a break back above the key
Stg0.8900-Stg0.8908 resistance. Through here needed before the correction of
recent losses from Stg0.9306 can get a real kick start. The subsequent pullback
on Wednesday was held at Stg0.8798, leaving last Friday's Stg0.8774 low intact.
The latter seen as the protection to the important Stg0.8743 level, which also
includes the lower 2% volatility band today.

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