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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: Stg0.8994 Jul 21 high
*RES 1: Stg0.8970 Jul 25 high
*PRICE: Stg0.8948 @0936GMT
*SUP 1: Stg0.8891/99 Jul 27, Jul 18 high
*SUP 2: Stg0.8867 Hourly base Jul 20
*SUP 3: Stg0.8820/29 12 week rising suppt line, Jul 19 low
*SUP 4: Stg0.8802 76.4% Fibo of Stg0.8743-Stg0.8994
*COMMENTARY* Still in corrective mode after the month's earlier rally to
Stg0.8994, 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
the Jul 18 high at Stg0.8899 high came under pressure last 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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