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Stg0.8850-54 Resistance.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8850-54 Resistance Remains Key To Direction
*RES 4: Stg0.8915 Hourly base Nov 28, now resistance
*RES 3: Stg0.8880/83 Hourly high Nov 28, 1% volatility band
*RES 2: Stg0.8868 Dec 5 high 
*RES 1: Stg0.8850/54 Dec 7, Dec 6 highs
*PRICE: Stg0.8799 @1055GMT
*SUP 1: Stg0.8761 Dec 14 low
*SUP 2: Stg0.8745/50 Minor hourly congestion Dec 7-8
*SUP 3: Stg0.8725 Initial high Dec 8, now support
*SUP 4: Stg0.8687/89 1.618 swing 0.8756-0.8868, Dec 8 low
*COMMENTARY* The fate of a continued recovery is still in the hands of
Stg0.8850-54 resistance. Will need back above here, if the correction of losses
from the late November high at Stg0.8982 is to continue, with
Stg0.8868-Stg0.8883 again expected to feature higher, ahead of Stg0.8915.
Support from Stg0.8773 has been lost, leaving Stg0.8761-Stg0.8725 as support
within recent range above Stg0.8687.

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