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Stg0.8850-54 Resistance Break...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8850-54 Resistance Break Remains Key To Direction
*RES 4: Stg0.8915 Hourly base Nov 28, now resistance
*RES 3: Stg0.8900 1.618 swing of Stg0.8846-Stg0.8761
*RES 2: Stg0.8880/85 Hourly high Nov 28, 1% volatility band
*RES 1: Stg0.8868 Dec 5 high 
*PRICE: Stg0.8837 @1449GMT
*SUP 1: Stg0.8785/95 Hourly support
*SUP 2: Stg0.8761 Dec 14 low
*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 a sustained move back above here, if the
correction of losses from the late November high at Stg0.8982 is to continue,
with Stg0.8868-Stg0.8885 again expected to feature higher, ahead of
Stg0.8900-Stg0.8915. Support now from Stg0.8795-Stg0.8785, yesterday's Stg0.8761
low now important below.
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