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Stg0.8900 Break Needed To.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8900 Break Needed To Revive Upside Interest
*RES 4: Stg0.8951 76.4% Fibo of Stg0.9032-Stg0.8689
*RES 3: Stg0.8925 1.618 swing of Stg0.8891-Stg0.8836
*RES 2: Stg0.8916/18 Equality rise from 0.8760, Jan 2 high
*RES 1: Stg0.8900 Hourly high Jan 2, Jan 3 high
*PRICE: Stg0.8892 @1050GMT
*SUP 1: Stg0.8860/65 Hourly support
*SUP 2: Stg0.8848 Jan 3 low
*SUP 3: Stg0.8836 Dec 22 low
*SUP 4: Stg0.8792 Dec 18 low
*COMMENTARY* Rally moved above the initial swing target at Stg0.8900 earlier in
the week but was curtailed around the equality rise target in the slightly
higher Stg0.8916 area. This and a second swing target at Stg0.8925, present the
potential bar to a return towards Stg0.8951 Fibo resistance and the Nov 28 high
at Stg0.8981. In the meantime, we have seen a pullback to Stg0.8848 which has
helped to reduce near term overbought conditions.

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