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'Shooting Star' Candle Close....>

EURO-STERLING TECHS: 'Shooting Star' Candle Close Still Exerting Influence
*RES 4: Stg0.8817/30 Mar 19 high, 1% volatility band
*RES 3: Stg0.8796/98 Mar 30, Mar 27 highs 
*RES 2: Stg0.8775 Hourly congestion area Mar 30-Apr 2
*RES 1: Stg0.8740/50 Hourly resistance, Apr 5-6 highs
*PRICE: Stg0.8720 @1301GMT
*SUP 1: Stg0.8692/99 Intraday low, 76.4% Stg0.8668-Stg0.8798
*SUP 2: Stg0.8668 Mar 22 low
*SUP 3: Stg0.8649 1% volatility band
*SUP 4: Stg0.8642 Jun 8 low
*COMMENTARY* The 'Shooting Star' candle close on Mar 27 is still exerting some
influence, as we continue to try to break free of Stg0.8699 support. A low of
Stg0.8692 so far, a successful move lower will aim to test the resolve of
Stg0.8668 again, beneath which the lower 1% volatility band and Jun 8 low,
between Stg0.8649-Stg0.8642, protect against a deeper Stg0.8588 fall. Resistance
meanwhile from Stg0.8740-50, above will encourage but Stg0.8775 tougher higher.

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