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Swing Target At Stg0.8925.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Swing Target At Stg0.8925 Caps And Correction Ensues
*RES 4: Stg0.8965 1% volatility band
*RES 3: Stg0.8951 76.4% Fibo of Stg0.9032-Stg0.8689
*RES 2: Stg0.8925 1.618 swing Stg0.8891-Stg0.8836, Jan 4 hi
*RES 1: Stg0.8895/05 Hourly resistance
*PRICE: Stg0.8864 @1045GMT
*SUP 1: Stg0.8848 Jan 3 low
*SUP 2: Stg0.8836 Dec 22 low
*SUP 3: Stg0.8805/10 Congestion area mid December
*SUP 4: Stg0.8787 1% volatility band
*COMMENTARY* Rally moved above initial Stg0.8900-Stg0.8916 resistance last week
but was eventually curtailed by the slightly higher swing target at Stg0.8925.
This presenting the potential bar to a return towards Stg0.8951 Fibo resistance
and the Nov 28 high at Stg0.8981. In the meantime, nearest support from
Stg0.8880-Stg0.8865 has been lost, leaving the downside vulnerable to some
correction, Stg0.8848-Stg0.8836 now protecting against a deeper fall.

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