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Still Trading Below The 4.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Still Trading Below The 4 month Rising Support Line
*RES 4: Stg0.9149 Sep 1 low, now resistance
*RES 3: Stg0.9119/22 Sep 7 low, Sep 11 high
*RES 2: Stg0.9091/94 Hourly highs Sep 11
*RES 1: Stg0.9062 Broken 4 month support line
*PRICE: Stg0.9002 @1603GMT
*SUP 1: Stg0.8982 Sep 12 low
*SUP 2: Stg0.8958 61.8% Fibo of Stg0.8743-Stg0.9306
*SUP 3: Stg0.8927/39 38.2% Stg0.8313-Stg0.9306, 2% vol band
*SUP 4: Stg0.8876/80 76.4% Stg0.8743-Stg0.9306, Jun 28 high
*COMMENTARY* The setback from last month's Stg0.9306 high broke below key
support from between Stg0.9100-Stg0.9091 on Monday and yesterday lost support
from the lower 1% volatility band and also the 4 month rising support line at
Stg0.9062. A low of Stg0.8982 seen so far, ahead of what looks a stronger area
between Stg0.8958-Stg0.8927. In the interim, resistance falls to
Stg0.9062-Stg0.9094, above the latter needed for respite.

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