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Stg0.8858-Stg0.8843 Currently...>

EURO-STERLING TECHS: Stg0.8858-Stg0.8843 Currently Provides Downside Protection
*RES 4: Stg0.8981 Nov 28 high
*RES 3: Stg0.8951/52 76.4% Stg0.9032-Stg0.8867, 1% vol band
*RES 2: Stg0.8926 Jan 12 high
*RES 1: Stg0.8903/05 Feb 15 high, hourly resistance
*PRICE: Stg0.8879 @1012GMT
*SUP 1: Stg0.8858 Feb 13 low
*SUP 2: Stg0.8843 Feb 12 low
*SUP 3: Stg0.8820 Initial rally high Feb 8, now support
*SUP 4: Stg0.8805 61.8% Fibo of Stg0.8732-Stg0.8920
*COMMENTARY* Continued it's rise, albeit slowly this week, most recently through
the previously difficult Stg0.8900-Stg0.8909 area. Now has to contend with the
previous range high at Stg0.8926, before the chance of a higher Stg0.8951-52
recovery. Some overbought conditions being rectified, with Stg0.8858-Stg0.8843
as support, below will caution and begin a correction of gains from the month's

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