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Stg0.8810-Stg0.8815 The Bar.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8810-Stg0.8815 The Bar To Any Fresh Upside Potential
*RES 4: Stg0.8871 1% volatility band
*RES 3: Stg0.8851 Equality rise from 0.8681 to 0.8620-0.8790
*RES 2: Stg0.8835/42 61.8% Stg0.8968-Stg0.8620, May 4 high
*RES 1: Stg0.8810/15 May 8 high, May 4 low
*PRICE: Stg0.8787 @1114GMT
*SUP 1: Stg0.8745/50 Hourly support
*SUP 2: Stg0.8719/28 76.4% Stg0.8681-Stg0.8842, May 9 low
*SUP 3: Stg0.8702/05 1% vol band, 61.8% Stg0.8620-Stg0.8642
*SUP 4: Stg0.8681 Apr 26 low
*COMMENTARY* Unable to sustain the move back into the top half of the 6 month
bear channel. A high of Stg0.8842 last week, before succumbing to some
corrective pressure. The loss of Stg0.8761 on Tuesday and then the 61.8% Fibo
retrace at Stg0.8742 on Wednesday, leaves the Stg0.8719-Stg0.8702 area
vulnerable to a test. Meanwhile, back above Stg0.8780 has Stg0.8810-Stg0.8815
resistance higher.

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