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Stg0.8897 Protects Against A....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8897 Protects Against A Stg0.8856-Stg0.0.8840 Fall
*RES 4: Stg0.9019/22 1% vol band, Oct 20 high
*RES 3: Stg0.8994 Hourly high Oct 20
*RES 2: Stg0.8980 Hourly recovery high Oct 20
*RES 1: Stg0.8940/50 Hourly resistance
*PRICE: Stg0.8907 @1553GMT
*SUP 1: Stg0.8897 Oct 18 low
*SUP 2: Stg0.8855/56 61.8% Stg0.8746-Stg0.9032, Oct 16 low
*SUP 3: Stg0.8840 1% volatility band
*SUP 4: Stg0.8813 76.4% Fibo of Stg0.8746-Stg0.9032
*COMMENTARY* Had been building for another assault on the key
Stg0.9026-Stg0.9032 area but has been thwarted by the earlier upper 1%
volatility band at Stg0.9022, now at Stg0.9019 by time today. The subsequent
fall below the Oct 18 high at Stg0.8947 has triggered a correction, the Oct 18
low at Stg0.8897 now the protection against a further Stg0.8856-Stg0.8840 fall.
Meanwhile, back above Stg0.8950 needed for near term respite.

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