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'Shooting Star' Candle Close....>

EURO-STERLING TECHS: 'Shooting Star' Candle Close Remains A Near Term Concern
*RES 4: Stg0.8850/53 Mar 12 low, 61.8% of Stg0.8968-Stg0.8668
*RES 3: Stg0.8817/34 Mar 19 high, 1% volatility band
*RES 2: Stg0.8796/98 Mar 30, Mar 27 highs 
*RES 1: Stg0.8777 Apr 2 high
*PRICE: Stg0.8730 @0906GMT
*SUP 1: Stg0.8708/10 Mar 21, Mar 23 lows
*SUP 2: Stg0.8699 76.4% Fibo of Stg0.8668-Stg0.8798
*SUP 3: Stg0.8659/68 1% volatility band, 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 continued throughout last month. A sharp dip to Stg0.8668
on Mar 22 briefly breaking the base of the range at Stg0.8687, before finding
some respite. In this respect, next resistance comes from Stg0.8798-Stg0.8817
but last Tuesday's 'Shooting Star' candle close remains a near term concern.
Nearest support now ranged between Stg0.8710-Stg0.8699. 

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