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Stg0.8900 Break Opens Up........>

EURO-STERLING TECHS: Stg0.8900 Break Opens Up Greater Corrective Hopes
*RES 4: Stg0.9026 50% Fibo of Stg0.9306-Stg0.8746
*RES 3: Stg0.9013 2% volatility band
*RES 2: Stg0.8995 1.618 swing of Stg0.8900-Stg0.8746
*RES 1: Stg0.8960 38.2% Fibo of Stg0.9306-Stg0.8746
*PRICE: Stg0.8953 @0929GMT
*SUP 1: Stg0.8890/00 Hourly support
*SUP 2: Stg0.8876 Oct 5 low
*SUP 3: Stg0.8850 Oct 4 low
*SUP 4: Stg0.8822 Oct 4 low
*COMMENTARY* After building for the few days, we finally got the break above
Stg0.8900 on Thursday. This should set us on the way for a decent correction of
the Stg0.9306-Stg0.8746 losses sustained over the last month. A high of
Stg0.8955 so far but while support from above Stg0.8900-Stg0.8890 holds, then
look for an increased Stg0.8960-Stg0.8995 rise next. Loss of Stg0.8890 will
disappoint now and put pressure back on the day's Stg0.8876 low.

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