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Stg0.9190 Loss Opens Up.........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Stg0.9190 Loss Opens Up Stg0.9142-Stg0.9091 Potential
*RES 4: Stg0.9306 Aug 29 high
*RES 3: Stg0.9270 Aug 30 high
*RES 2: Stg0.9238 Aug 31 high
*RES 1: Stg0.9223 Sep 1 high
*PRICE: Stg0.9207 @0944GMT
*SUP 1: Stg0.9165/75 Hourly support
*SUP 2: Stg0.9142/49 Aug 16 high, Sep 1 low
*SUP 3: Stg0.9117 1% volatility band
*SUP 4: Stg0.9091 38.2% Fibo of Stg0.8743-Stg0.9306
*COMMENTARY* Broke above both the upper 1% volatility band and the 4 month bull
channel top last week, the rally was halted just below the equality rise target
at Stg0.9310. The subsequent pullback, aided by a 'Doji' candle close on that
day, has breached the 7 week support line and also the key near term support at
Stg0.9190. Sustained loss here would concern now and open potential for a
further Stg0.9142-Stg0.9091 fall. Resistance Stg0.9223-Stg0.9270.

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