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Stg0.8876-Stg0.8769 Support.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8876-Stg0.8769 Support Holds Under Pressure 
*RES 4: Stg0.8920/26 Feb 14, Jan 12 highs
*RES 3: Stg0.8890 Feb 16 high
*RES 2: Stg0.8864 Feb 22 high
*RES 1: Stg0.8835/42 Feb 26 high, 76.4% of 0.8864-0.8772
*PRICE: Stg0.8833 @0935GMT
*SUP 1: Stg0.8785 Hourly support
*SUP 2: Stg0.8772/76 Feb 26 low, 76.4% of Stg0.8732-Stg0.8920
*SUP 3: Stg0.8769 1.618 swing of Stg0.8805-Stg0.8864
*SUP 4: Stg0.8750 1% volatility band
*COMMENTARY* Continued to lose ground last week, following the failure to deal
with range top resistance at Stg0.8926 earlier in the month. The first of two
dual Fibo support levels at Stg0.8805 gave way on Friday, leaving the second
dual support from Stg0.8776 to protect ahead of the swing target and 1%
volatility band between Stg0.8769-Stg0.8750. Meanwhile, Stg0.8835-Stg0.8842
becomes resistance, above would allow some Stg0.8864-Stg0.8890 respite.

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