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Stg0.8994 Break Still The Key...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8994 Break Still The Key To Any Real Recovery Hopes
*RES 4: Stg0.9015/22 1% volatility band, Oct 20 high
*RES 3: Stg0.8994 Hourly high Oct 20
*RES 2: Stg0.8976/80 Oct 24 high, hourly recovery high Oct 20
*RES 1: Stg0.8950/55 Hourly resistance
*PRICE: Stg0.8946 @0926GMT
*SUP 1: Stg0.8895/00 Hourly support
*SUP 2: Stg0.8880/86 Oct 25, Oct 23 lows
*SUP 3: Stg0.8855/56 61.8% Stg0.8746-Stg0.9032, Oct 16 low
*SUP 4: Stg0.8830/37 Swing Stg0.8886-Stg0.8976, 1% vol band
*COMMENTARY* Rallies this week have continued to falter within the key near term
Stg0.8970-Stg0.8994 resistance area. Will need to see a break back above the
latter, before the immediate bias can return to the topside and for another tilt
at the more important Stg0.9015-Stg0.9032 area. In the meantime, look to
Stg0.8900-Stg0.8895 for initial support, loss would disappoint now and put
pressure back on the recent Stg0.8886-Stg0.8880 lows.

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