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Remains Marooned In Midst Of....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Remains Marooned In Midst Of Six Month Channel
*RES 4: Stg0.8842/43 May 4 high, 1% volatility band
*RES 3: Stg0.8835 May 10 high
*RES 2: Stg0.8814/18 76.4% of Stg0.8842-Stg0.8713, May 15 high
*RES 1: Stg0.8795/97 May 11 low, May 23, intraday highs
*PRICE: Stg0.8770 @0841GMT
*SUP 1: Stg0.8724/38 May 18, May 23, May 24 lows
*SUP 2: Stg0.8713 May 17 low
*SUP 3: Stg0.8705 61.8% Fibo of Stg0.8620-Stg0.8842
*SUP 4: Stg0.8681 Apr 26 low
*COMMENTARY* Found support from Stg0.8713 earlier in the month. Once again
keeping us from a test to the 61.8% Fibo retrace level at the slightly lower
Stg0.8705 level. The subsequent recovery, now sees earlier support from
Stg0.8738-Stg0.8724 as protecting against a downside return. Meanwhile, having
moved through the May 16 high at Stg0.8783, the focus returns to the
Stg0.8795-Stg0.8797 area, where better questions are asked of this rise.

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