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Stg0.8747-Stg0.8761 In Way Of...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8747-Stg0.8761 In Way Of Better Recovery
*RES 4: Stg0.8900 Hourly low Nov 28, now resistance
*RES 3: Stg0.8880 Hourly recovery high Nov 28
*RES 2: Stg0.8855/61 Hourly resistance, recovery high Nov 29
*RES 1: Stg0.8842/47 Intraday high, Nov 28 low
*PRICE: Stg0.8815 @1058GMT
*SUP 1: Stg0.8780/89 1% volatility band, intraday low
*SUP 2: Stg0.8766/76 Nov 2, Nov 30 lows
*SUP 3: Stg0.8756 1.618 swing of Stg0.8842-Stg0.8981
*SUP 4: Stg0.8745 Equality from 0.8880 to 0.8982-0.0.8847
*COMMENTARY* Found a base at Stg0.8776 on Thursday, at the beginning of some
congested support levels from between Stg0.8666-Stg0.8733, the latter the Nov 1
low. The resultant rally aided by some near term oversold conditions, now sees
resistance from Stg0.8847-Stg0.8861 as barring the way to any better correction
of losses from Tuesday's Stg0.8982 peak. Meanwhile, Stg0.8789-Stg0.8780 provides
some interim support.

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