Still Struggling To Retain......>

EURO-STERLING TECHS: Still Struggling To Retain Any Sense Of Direction

*RES 4: Stg0.8835 May 10 high

*RES 3: Stg0.8818 May 15 high

*RES 2: Stg0.8789/92 May 11, May 14 lows, now resistance

*RES 1: Stg0.8783 May 16 high

*PRICE: Stg0.8767 @1548GMT

*SUP 1: Stg0.8724 May 18 low

*SUP 2: Stg0.8713 May 17 low

*SUP 3: Stg0.8705 61.8% Fibo of Stg0.8620-Stg0.8642

*SUP 4: Stg0.8678/81 1% volatility band, Apr 26 low

*COMMENTARY* Found support from Stg0.8713 toward the end of last week. Once

again keeping us from a test to the 61.8% Fibo retrace level at the slightly

lower Stg0.8705 level. The subsequent recovery, now sees earlier support from

Stg0.8724 as protecting against a downside return. Meanwhile, the May 16 high at

Stg0.8783 is currently the bar to a Stg0.8789-Stg0.8792 rise, where bigger

questions are asked of this rise.