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Stg0.8794-Stg0.8798 And 1%......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8794-Stg0.8798 And 1% Volatilty Band Combine To Cap
*RES 4: Stg0.8884/86 2% vol band, 76.4% Stg0.8968-Stg0.8620
*RES 3: Stg0.8835 61.8% Fibo of Stg0.8968-Stg0.8620
*RES 2: Stg0.8800 1% volatility band 
*RES 1: Stg0.8794/98 50% of Stg0.8968-Stg0.8620, Mar 27 high
*PRICE: Stg0.8699 @1625GMT
*SUP 1: Stg0.8681 Intraday low
*SUP 2: Stg0.8661 Apr 17 high, now support
*SUP 3: Stg0.8625 1% volatility band
*SUP 4: Stg0.8620 Apr 17 low, 6 month bear channel base
*COMMENTARY* Unable to sustain a break below the 6 month bear channel earlier in
the month, a brief dip to Stg0.8620 was held by the lower 1% volatility band at
the time. The subsequent rise, broke back above Stg0.8753-Stg0.8759 resistance
but has again been thwarted by the Stg0.8794-Stg0.8798 region and the upper 1%
volatility band. Support from between Stg0.8725-Stg0.8706 has since been lost
today, leaving Stg0.8661 to protect against a Stg0.8625-Stg0.8620 return.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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