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Stg0.8726-Stg0.8724 Support.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8726-Stg0.8724 Support Has Held Recent Setbacks
*RES 4: Stg0.8886 61.8% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8842/44 May 4 high, 1% volatility band
*RES 2: Stg0.8809/10 Jun 1, May 8 highs
*RES 1: Stg0.8790/95 Hourly resistance
*PRICE: Stg0.8779 @0905GMT
*SUP 1: Stg0.8724/26 Jun 5, Jun 1 lows
*SUP 2: Stg0.8697 May 29 low
*SUP 3: Stg0.8673/81 76.4% Stg0.8620-Stg0.8842, Apr 26 low
*SUP 4: Stg0.8664 1% volatility band
*COMMENTARY* The game of snakes and ladders continues, the Stg0.8810-Stg0.8697
range having been fully exploited over the last week or so, most latterly
failing at Stg0.8809. This basically a 76.4% Fibo retrace of the
Stg0.8842-Stg0.8697 fall, seen since the beginning of May. Will need through
here, before the chance of a Stg0.8842-Stg0.8844 return. Support within the
range at Stg0.8726-Stg0.8724, has dealt with recent setbacks.

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