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Recovery Falters Again Below....>

EURO-STERLING TECHS: Recovery Falters Again Below Stg0.8837-Stg0.8842 Resistance
*RES 4: Stg0.8886 61.8% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8864 1% volatility band
*RES 2: Stg0.8837/42 Jun 7, May 4 highs
*RES 1: Stg0.8819 Intraday high
*PRICE: Stg0.8800 @0855GMT
*SUP 1: Stg0.8775/85 Hourly support
*SUP 2: Stg0.8750/59 Initial rally high Jun 5, Jun 8 low
*SUP 3: Stg0.8724/26 Jun 5, Jun 1 low
*SUP 4: Stg0.8697 May 29 low
*COMMENTARY* Found the ability to move through Stg0.8810 last Thursday but has
once again faltered on the approach to the next resistance of note between
Stg0.8837-Stg0.8842. The subsequent pullback from there has been relatively
swift, with Stg0.8790-Stg0.8780 giving way and allowing a dip to Stg0.8759,
within the more familiar range above the recent Stg0.8726-Stg0.8724 lows. Near
term Stg0.8785-Stg0.8775 provides support and Stg0.8819 resistance.

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