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Stg0.8868 Resistance Presents...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8868 Resistance Presents Next Barrier To Recovery
*RES 4: Stg0.8915 Hourly base Nov 28, now resistance
*RES 3: Stg0.8900 1.618 swing of Stg0.8846-Stg0.8761
*RES 2: Stg0.8880/90 Hourly high Nov 28, 1% volatility band
*RES 1: Stg0.8867/68 Dec 19, Dec 5 highs 
*PRICE: Stg0.8844 @1032GMT
*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* Found the strength for a move through Stg0.8850-54 last Friday but
for the time being the rally has stalled below the base of the next Stg0.8868
resistance area. Will now need to see a move through here, if the correction of
losses from the late November high at Stg0.8982 is to continue, with
Stg0.8880-Stg0.8915 then of interest higher. Support from Stg0.8795-Stg0.8785,
last Thursday's Stg0.8761 low now important below.

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