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'Shooting Star' Candle Close....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 'Shooting Star' Candle Close Is A Near Term Concern
*RES 4: Stg0.8897 Mar 12 high, 76.4% of Stg0.8968-Stg0.8668
*RES 3: Stg0.8850/53 Mar 12 low, 61.8% of Stg0.8968-Stg0.8668
*RES 2: Stg0.8817 Mar 19 high
*RES 1: Stg0.8798/00 Mar 27 high, hourly resistance
*PRICE: Stg0.8760 @0832GMT
*SUP 1: Stg0.8735 Hourly support
*SUP 2: Stg0.8708/10 Mar 21, Mar 23 lows
*SUP 3: Stg0.8668 Mar 22 low
*SUP 4: Stg0.8642 Jun 8 low
*COMMENTARY* The fallout from the failure to deal with the top of the congested
6 month trading area early in the month, continued apace last week. Thursday's
sharp dip to Stg0.8668 briefly breaking the base of the range at Stg0.8687,
before finding some respite. In this respect, next resistance comes from
Stg0.8800-Stg0.8817 but Tuesday's 'Shooting Star' candle close is however a near
term concern. Support now ranged between Stg0.8735-Stg0.8708. 

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