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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: Stg0.8835 61.8% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8807 1% volatility band 
*RES 2: Stg0.8794/98 50% of Stg0.8968-Stg0.8620, Mar 27 high
*RES 1: Stg0.8755/65 Hourly resistance
*PRICE: Stg0.8726 @0839GMT
*SUP 1: Stg0.8681 Apr 26 low
*SUP 2: Stg0.8661 Apr 17 high, now support
*SUP 3: Stg0.8624 1% volatility band
*SUP 4: Stg0.8620 Apr 17 low, 6 month bear channel base
*COMMENTARY* Thursday saw a break below Stg0.8725-Stg0.8706 support, a low of
Stg0.8681 so far, as we give back some of the recent gains from the base of the
6 month bear channel at $0.8620. Has become oversold in the near term, so
looking towards Stg0.8755-Stg0.8765 for resistance now and the bar to another
look at what has recently proven tough resistance from between
Stg0.8794-Stg0.8798 and the upper 1% volatility band at Stg0.8807.

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