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Free AccessRisk Seen For...................>
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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.