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Stg0.8840 Loss Sees Downside....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8840 Loss Sees Downside Target Stg0.8810-Stg0.8799 
*RES 4: Stg0.8945/50 Hourly congestion Nov 24-27
*RES 3: Stg0.8915 Initial base Nov 28, now resistance
*RES 2: Stg0.8880 Hourly recovery high Nov 28
*RES 1: Stg0.8865 Hourly resistance
*PRICE: Stg0.8822 @1632GMT
*SUP 1: Stg0.8810 Equality fall from 0.8981 to 0.9013-0.8842
*SUP 2: Stg0.8799 76.4% of Stg0.8733-Stg0.9013, 1% vol band
*SUP 3: Stg0.8756 1.618 swing of Stg0.8842-Stg0.8981
*SUP 4: Stg0.8733 Nov 1 low
*COMMENTARY* Unable to sustain the break above the 76.4% Fibo retrace level at
Stg0.8974 on Tuesday, a high of Stg0.8981 before losing ground, which was
exacerbated by the loss of Stg0.8915 support. Below here has seen further
pressure and subsequent break of the next Stg0.8842-Stg0.8840 support area. This
was the protection against a deeper Stg0.8810-Stg0.8799 fall. In the interim,
resistance From Stg0.8865-Stg0.8880, with that Stg0.8915 level above.

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