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Stg0.8843-Stg0.8841 Supports....>

EURO-STERLING TECHS: Stg0.8843-Stg0.8841 Supports Against A Deeper Correction
*RES 4: Stg0.8920/26 Feb 14, Jan 12 highs
*RES 3: Stg0.8902 Feb 15 high
*RES 2: Stg0.8890 Feb 16 high
*RES 1: Stg0.8870/75 Hourly resistance
*PRICE: Stg0.8853 @1040GMT
*SUP 1: Stg0.8841/43 Feb 16, Feb 12 lows
*SUP 2: Stg0.8820 Initial rally high Feb 8, now support
*SUP 3: Stg0.8805 61.8% Fibo of Stg0.8732-Stg0.8920
*SUP 4: Stg0.8779 Feb 9 low
*COMMENTARY* Continued it's rise, albeit slowly last week, most recently through
the previously difficult Stg0.8900-Stg0.8909 area. Then unable to contend with
the previous range high at Stg0.8926, before once again giving up ground. Some
overbought conditions being rectified, with Stg0.8843-Stg0.8841 as support,
below will caution and begin a correction of gains from the month's lows.
Resistance now from Stg0.8870-Stg0.8890. 

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