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Stg0.8970 Break Needed To.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8970 Break Needed To Resume Rally
*RES 4: Stg0.9052 Nov 2 high
*RES 3: Stg0.9028 Nov 9 high
*RES 2: Stg0.8995 Jul 21 high
*RES 1: Stg0.8970 Jul 25 high, hourly resistance
*PRICE: Stg0.89504 @1629GMT
*SUP 1: Stg0.8891/99 Jul 27, Jul 26 lows
*SUP 2: Stg0.8867 Hourly base Jul 20
*SUP 3: Stg0.8825/29 1% volatility band, Jul 19 low
*SUP 4: Stg0.8813 12 week rising suppt line
*COMMENTARY* Still in corrective mode after last week's rally to Stg0.8995, took
us above the 61.8% Fibo retrace level at Stg0.8983. This of the previous
Stg0.9402-Stg0.8305 fall seen between Oct-Dec last year. Support from last
Tuesday's Stg0.8899 high came under pressure on Thursday, a low of Stg0.8891
seen, really need to hold here, if the near term bias is to remain for higher.
Resistance now comes from Stg0.8970.

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