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Recovery Has To Deal With.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Has To Deal With Stg0.8842-Stg0.8856 Resistance
*RES 4: Stg0.8886 61.8% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8856 1% volatility band
*RES 2: Stg0.8837/42 Jun 7, May 4 highs
*RES 1: Stg0.8828 Intraday high
*PRICE: Stg0.8814 @0930GMT
*SUP 1: Stg0.8790/95 Hourly support
*SUP 2: Stg0.8770 Hourly low Jun 8
*SUP 3: Stg0.8750/59 Initial rally high Jun 5, Jun 8 low
*SUP 4: Stg0.8724/26 Jun 5, Jun 1 lows
*COMMENTARY* Found the ability to move through Stg0.8810 resistance on Thursday
but has once again faltered on the approach to the next resistance of note
between Stg0.8842 and the upper 1% volatility band at Stg0.8856. The subsequent
pullback from there has been relatively swift, with Stg0.8790-Stg0.8780 giving
way and allowing a return into the more familiar range above the recent
Stg0.8726-Stg0.8724 lows.