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Stg0.8998 Next Resistance On....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.8998 Next Resistance On Sustained Break Of Stg0.8974
*RES 4: Stg0.9087 61.8% of Stg0.9306-Stg0.8733, 2% vol band
*RES 3: Stg0.9022/32 Oct 20, Oct 12 highs
*RES 2: Stg0.9013 Nov 15 high
*RES 1: Stg0.8998 1.618 swing Stg0.8967-Stg0.8915,1% vol band
*PRICE: Stg0.8975 @1705GMT
*SUP 1: Stg0.8930/40 Hourly support
*SUP 2: Stg0.8915 Intraday low
*SUP 3: Stg0.8893 Nov 24 low
*SUP 4: Stg0.8870 Congestion area Nov 21-23
*COMMENTARY* Found a base above Stg0.8840-Stg0.8837 support early last week,
subsequently correcting losses sustained since the mid month high at Stg0.9013.
The most recent rise is now challenging and breaking above the 76.4% Fibo
retrace level at Stg0.8974. Meanwhile, having held at Stg0.8915 earlier in the
day, support moves to Stg0.8940-Stg0.8930.  Sustained break above Stg0.8974 has
Stg0.8998 as next resistance, as we move back towards the recent highs.

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