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Recovery Now Faces Resistance...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Now Faces Resistance From Stg0.8867-Stg0.8878
*RES 4: Stg0.8975/82 Hourly base Sep 14, Sep 12 low
*RES 3: Stg0.8908 Recovery high Sep 14
*RES 2: Stg0.8878 Hourly base Sep 14, now resistance
*RES 1: Stg0.8867 Sep 14 low, now resistance
*PRICE: Stg0.8838 @1535GMT
*SUP 1: Stg0.8790/95 Hourly support
*SUP 2: Stg0.8774 Sep 15 low
*SUP 3: Stg0.8743 Jul 14 lo
*SUP 4: Stg0.8733 2.618% from 0.9202 to prior 0.9306-0.9127
*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, oversold in the near term, the move above Stg0.8840 now
allows a test to the Stg0.8867-Stg0.8878 area. Above here and Stg0.8908 is now
key resistance.

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