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Stg0.8836-Stg0.8820 Support.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8836-Stg0.8820 Support After Cap Below Stg0.8900
*RES 4: Stg0.8981 Nov 28 high
*RES 3: Stg0.8916 Equality from 0.8760 to 0.8689-0.8845, 1% vol
*RES 2: Stg0.8900 1.618 swing of Stg0.8846-Stg0.8761
*RES 1: Stg0.8880 Hourly resistance
*PRICE: Stg0.8858 @0758GMT
*SUP 1: Stg0.8836 Hourly support
*SUP 2: Stg0.8820/29 Initial rally high Dec 18, Dec 20 low
*SUP 3: Stg0.8792 Dec 18 low
*SUP 4: Stg0.8760 Dec 15 low
*COMMENTARY* Rally has continued, leaving Stg0.8868-Stg0.8880 resistance in its
wake. Next up is the swing target at Stg0.8900, with the upper 1% volatility
band and equality rise target in the slightly higher Stg0.8916 area. These
currently present the potential bar to a return towards the Nov 28 high at
Stg0.8981. Support is also on the move, Stg0.8836 initially, below would put
pressure back on Stg0.8829-Stg0.8820. Loss of the latter would caution.

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