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Stg0.8810 Now The Bar To........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8810 Now The Bar To Further Recovery Prospects
*RES 4: Stg0.8886 76.4% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8847 1% volatility band
*RES 2: Stg0.8842 May 4 high
*RES 1: Stg0.8810 May 8 high
*PRICE: Stg0.8788 @0908GMT
*SUP 1: Stg0.8756 May 31 low
*SUP 2: Stg0.8728 Initial recovery high May 29, now support
*SUP 3: Stg0.8697 May 29 low
*SUP 4: Stg0.8673/81 76.4% Stg0.8620-Stg0.8842, Apr 26 low
*COMMENTARY* This week's earlier Stg0.8795-Stg0.8697 fall has now been reversed
following the move back through Stg0.8775 resistance. Once again facing
potential problems from between Stg0.8797-Stg0.8810, as we again move back
towards the middle of the well established bear channel. Support now from
Stg0.8756 but it would require a loss of Stg0.8728 to renew downside interest.
Above Stg0.8810 and Stg0.8842-Stg0.8886 the next target range higher.

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