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Stg0.8779-Stg0.8771 Provides....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8779-Stg0.8771 Provides Next Decent Support Area
*RES 4: Stg0.8926 Mar 9 high
*RES 3: Stg0.8906 Mar 8 low, now resistance
*RES 2: Stg0.8886 Mar 13 high
*RES 1: Stg0.8850 Hourly resistance
*PRICE: Stg0.8798 @0932GMT
*SUP 1: Stg0.8794 61.8% Fibo of Stg0.8687-Stg0.8968
*SUP 2: Stg0.8779 1% volatility band
*SUP 3: Stg0.8771 Feb 26 low
*SUP 4: Stg0.8753 76.4% Fibo of Stg0.8687-Stg0.8968
*COMMENTARY* The fallout from the failure to deal with the top of the congested
trading area that has prevailed for the last 6 months has snow seen a move below
Stg0.8815. This sees support from the 61.8% Fibo retrace level at Stg0.8794
next, ahead of what looks a likely stronger area between Stg0.8779-Stg0.8771. In
the meantime, resistance from below Stg0.8850 keeps a lid on any near term
recovery potential.

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