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Stg0.8805 Support Back Under....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8805 Support Back Under Pressure 
*RES 4: Stg0.8920/26 Feb 14, Jan 12 highs
*RES 3: Stg0.8890 Feb 16 high
*RES 2: Stg0.8870/75 Feb 19 high, Feb 14 low
*RES 1: Stg0.8840/50 Hourly resistance
*PRICE: Stg0.8808 @1014GMT
*SUP 1: Stg0.8802/05 Intraday low, 61.8% Stg0.8732-Stg0.8920
*SUP 2: Stg0.8776/79 76.4% of Stg0.8732-Stg0.8920, Feb 9 low
*SUP 3: Stg0.8763/69 1% vol band, swing Stg0.8805-Stg0.8864
*SUP 4: Stg0.8732/42 Feb 8 low, 76.4% of Stg0.8687-Stg0.8920
*COMMENTARY* Has continued to lose ground this week, following the failure to
deal with range top resistance at Stg0.8926 last. The first of two dual Fibo
support levels at Stg0.8805 is under assault again today. Any lower and the
second dual support from Stg0.8776 then comes into play, ahead of the swing
target and 1% volatility band between Stg0.8769-Stg0.8763. Meanwhile,
Stg0.8840-50 becomes resistance, Stg0.8870-Stg0.8875 more important above.

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