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Stg0.8744-Stg0.8737 The Next....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8744-Stg0.8737 The Next Support Of Note
*RES 4: Stg0.8862 Jan 16 low, now resistance
*RES 3: Stg0.8846 Jan 19 high
*RES 2: Stg0.8825 Hourly congestion Jan 18-19
*RES 1: Stg0.8802/05 Jan 18 low, hourly resistance
*PRICE: Stg0.8761 @0930GMT
*SUP 1: Stg0.8762 Jan 23 low
*SUP 2: Stg0.8739/44 1% vol band, 76.4% Stg0.8689-Stg0.8925
*SUP 3: Stg0.8737 1.618 swing of Stg0.8809-Stg0.8925
*SUP 4: Stg0.8689 Dec 8 low
*COMMENTARY* The fallout from this month's failure at Stg0.8925 continues.
Monday seeing the loss of Stg0.8809-Stg0.8802 support. This the catalyst for a
further fall through the 61.8% Fibo retrace level at Stg0.8779. A low of
Stg0.8760 so far on the day, ahead of what looks likely to be stronger support
showing from between Stg0.8744-Stg0.8737. As a consequence, nearest resistance
falls to Stg0.8802-Stg0.8805 but above Stg0.8725 needed for any real lift. 

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