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Support From Stg0.8947..........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Support From Stg0.8947 Protects Against A Deeper Pullback
*RES 4: Stg0.9092 61.8% Fibo of Stg0.9306-Stg0.8746
*RES 3: Stg0.9032 Oct 12 high
*RES 2: Stg0.9024/26 1% vol band, 50% of Stg0.9306-Stg0.8746
*RES 1: Stg0.8996/06 Hourly resistance
*PRICE: Stg0.8960 @1254GMT
*SUP 1: Stg0.8947 Oct 18 high, now support
*SUP 2: Stg0.8923 Oct 16 high, now support
*SUP 3: Stg0.8897 Oct 18 low
*SUP 4: Stg0.8846/56 1% volatility band, Oct 16 low
*COMMENTARY* Been building for another assault on the key Stg0.9026-Stg0.9032
area but has so far been thwarted by the earlier upper 1% volatility band, at
Stg0.9024 by time today. Currently correcting some overbought hourly conditions,
with initial support of note, the Oct 18 high at Stg0.8947. This protecting
against a deeper Stg0.8923-Stg0.8897 fall. In the interim, resistance from
Stg0.8996-Stg0.9006 needs to be overcome to reinstate upside interest.

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