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Stg0.8835-Stg0.8813 Provide.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8835-Stg0.8813 Provide Support As Pullback Stalls
*RES 4: Stg0.8957/61 Oct 26 high, 76.4% Stg0.9032-Stg0.8733
*RES 3: Stg0.8939 Nov 2 high
*RES 2: Stg0.8912 Hourly recovery high Nov 3
*RES 1: Stg0.8880/90 Hourly resistance
*PRICE: Stg0.8854 @1011GMT
*SUP 1: Stg0.8835 Hourly base Nov 2
*SUP 2: Stg0.8813 Initial rally high Nov 2, now support
*SUP 3: Stg0.8784 Nov 1 high, now support
*SUP 4: Stg0.8765 1% volatility band
*COMMENTARY* A low of Stg0.8733 last Wednesday, just slightly below the 1.618
projection target at Stg0.8737. The subsequent rally has helped to reduce some
heavily oversold conditions. A high of Stg0.8939 so far, before retreating
again. Look to Stg0.8835-Stg0.8813 for support, with Stg0.8784 to hold, if near
term upside bias is to be retained. Resistance Stg0.8880-90 but Stg0.8912 looks
a tougher proposition.

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