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Stg0.8743 Support Now...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8743 Support Now Protects Against A Stg0.8692 Drop
*RES 4: Stg0.8865 Congestion area Sep 19-20
*RES 3: Stg0.8840 Hourly lows/high Sep 22
*RES 2: Stg0.8824 Hourly high Sep 25
*RES 1: Stg0.8805 Hourly resistance
*PRICE: Stg0.8799 @0825GMT
*SUP 1: Stg0.8743/46 Jul 14, Sep 27 lows
*SUP 2: Stg0.8720 1% volatility band
*SUP 3: Stg0.8692 61.8% Fibo of Stg0.8313-Stg0.9306
*SUP 4: Stg0.8632/42 2% volatility band, Jun 8 low
*COMMENTARY* Unable to break back above the key Stg0.8900-Stg0.8908 resistance
last week. As a result, pressure has again returned to the downside and
Stg0.8774 support has given way. This was seen as the protection to the still
important Stg0.8743 level and the added potential for a further Stg0.8692 fall.
In the meantime, Stg0.8805 now provides near term resistance, back above here
needed before the chance of further Stg0.8824-Stg0.8865 respite.

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