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Risk Seen For...................>

EURO-STERLING TECHS
EURO-STERLING TECHS: Risk Seen For Stg0.8855-Stg0.8830 On Loss Of Stg0.8880
*RES 4: Stg0.9014/22 1% volatility band, Oct 20 high
*RES 3: Stg0.8994 Hourly high Oct 20
*RES 2: Stg0.8976/80 Oct 24 high, hourly recovery high Oct 20
*RES 1: Stg0.8940/50 Hourly resistance
*PRICE: Stg0.8904 @1600GMT
*SUP 1: Stg0.8880/86 Intraday, Oct 23 lows
*SUP 2: Stg0.8855/56 61.8% Stg0.8746-Stg0.9032, Oct 16 low
*SUP 3: Stg0.8830/34 Swing Stg0.8886-Stg0.8976, 1% vol band
*SUP 4: Stg0.8813 76.4% Fibo of Stg0.8746-Stg0.9032
*COMMENTARY* Still unable to find the strength for a return to the recent
Stg0.9022-Stg0.9032 highs. The recovery faltered at the earlier Stg0.8976 level
on Tuesday, keeping us also below the upper 1% volatility band at Stg0.9014 by
time today. The subsequent setback has since lost support from between
Stg0.8920-Stg0.8908. Loss sees near term risk revert to the downside,
Stg0.8880-86 protecting against a Stg0.8855-Stg0.8830 fall.

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