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Stg0.8840-Stg0.8865 The Bar.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8840-Stg0.8865 The Bar To A Fresh Stg0.8900 Challenge
*RES 4: Stg0.8960 38.2% Fibo of Stg0.9306-Stg0.8746
*RES 3: Stg0.8893/00 1% volatility band, Sep 19 high
*RES 2: Stg0.8865 Congestion area Sep 19-20
*RES 1: Stg0.8840/42 Hourly lows/high Sep 22, Sep 29 high
*PRICE: Stg0.8820 @0932GMT
*SUP 1: Stg0.8785/95 Hourly support
*SUP 2: Stg0.8765/70 Congestion area Sep 27-28
*SUP 3: Stg0.8743/46 Jul 14, Sep 27 lows
*SUP 4: Stg0.8692 61.8% Fibo of Stg0.8313-Stg0.9306
*COMMENTARY* Unable to break back above the key Stg0.8900 resistance last month.
As a result, pressure returned to the downside with a low of Stg0.8746, just
above the important Stg0.8743 level. The subsequent recovery, on the back of
some near term oversold conditions, has resistance from between
Stg0.8840-Stg0.8865 in the way of another challenge to Stg0.8900. In the
meantime, Stg0.8795-Stg0.8765 protects another test towards Stg0.8743.

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