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Stg0.8980-Stg0.8994 Now.........>

EURO-STERLING TECHS: Stg0.8980-Stg0.8994 Now Presents As Next Resistance Area
*RES 4: Stg0.9032 Oct 12 high
*RES 3: Stg0.9020/22 1% volatility band, Oct 20 high
*RES 2: Stg0.8994 Hourly high Oct 20
*RES 1: Stg0.8980 Hourly recovery high Oct 20
*PRICE: Stg0.8966 @1608GMT
*SUP 1: Stg0.8825/35 Hourly support
*SUP 2: Stg0.8908 Initial recovery high Oct 23, now support
*SUP 3: Stg0.8886/97 Oct 23, Oct 18 lows
*SUP 4: Stg0.8855/56 61.8% Stg0.8746-Stg0.9032, Oct 16 low
*COMMENTARY* Had been building for another assault on the key
Stg0.9026-Stg0.9032 area but was thwarted by the upper 1% volatility band, now
at Stg0.9020 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 coming under
pressure briefly on Monday, a low of Stg0.8886 before a bounce. Back above
Stg0.8940 is helpful but Stg0.8980-Stg0.8994 presents a tougher barrier.

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