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Stg0.8810-Stg0.8815 In Way Of...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8810-Stg0.8815 In Way Of Further Recovery
*RES 4: Stg0.8915 Hourly base Nov 28, now resistance
*RES 3: Stg0.8880/90 Hourly high Nov 28, 1% vol band
*RES 2: Stg0.8850/54 Dec 7, Dec 6 highs
*RES 1: Stg0.8810/15 Congestion pivot Nov 30-Dec 7 
*PRICE: Stg0.8781 @0655GMT
*SUP 1: Stg0.8745/55 Hourly support
*SUP 2: Stg0.8717 Initial recovery high Dec 8, now support
*SUP 3: Stg0.8687/89 1.618 swing 0.8756-0.8868, Dec 8 low
*SUP 4: Stg0.8642 Jun 8 low, equality fall from Stg0.8868
*COMMENTARY* Last weeks early recovery was unable to deal with
Stg0.8868-Stg0.8880 resistance. This leaving the downside vulnerable to a
further assault. Initial warning was the move back below Stg0.8780 and then
Stg0.8756 on Friday. A low of Stg0.8689 then seen, just above the swing target
at Stg0.8687, this protecting against a Stg0.8642 fall. Subsequent rally has
Stg0.8810-15 in the way of Stg0.8850-54. Meanwhile, Stg0.8755-Stg0.8717 support.

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