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Recovery Sees Assault On........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Recovery Sees Assault On Previous Stg0.8925 High
*RES 4: Stg0.8997 1.618 swing of Stg0.8925-Stg0.8809
*RES 3: Stg0.8981 Nov 28 high
*RES 2: Stg0.8951/57 76.4% of 0.9032-0.8689, 1% vol band
*RES 1: Stg0.8925/30 Jan 4, intraday highs
*PRICE: Stg0.8905 @1018GMT
*SUP 1: Stg0.8884 Hourly base Jan 11
*SUP 2: Stg0.8873 Jan 10 high, now support
*SUP 3: Stg0.8855/60 Hourly congestion Jan 10-11
*SUP 4: Stg0.8840 Hourly low Jan 10
*COMMENTARY* Having held into the key Stg0.8805-Stg0.8810 support area this
week, yesterday saw an extension of the recovery begun on Wednesday with the
rally to Stg0.8873. Thursday's further rise through here and Stg0.8900 is again
encouraging, now needing to sustain a move through here, to be in a place to
challenge Stg0.8925 again. Support rises to Stg0.8884-Stg0.8873, with
Stg0.8860-Stg0.8855 currently of more importance lower.

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