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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: Stg0.8951 76.4% Fibo of Stg0.9032-Stg0.8689
*RES 3: Stg0.8925 1.618 swing Stg0.8891-Stg0.8836, Jan 4 hi
*RES 2: Stg0.8900 Congestion area Jan 5
*RES 1: Stg0.8870 Hourly resistance
*PRICE: Stg0.8829 @1740GMT
*SUP 1: Stg0.8805/10 Congestion area mid December
*SUP 2: Stg0.8779/84 61.8% of Stg0.8689-Stg0.8925, 1% vol
*SUP 3: Stg0.8761 Dec 14 low
*SUP 4: Stg0.8745 76.4% Fibo of Stg0.8689-Stg0.8925
*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.
In the meantime, nearest support from Stg0.8880-Stg0.8865 has been lost,
followed by Stg0.8848-Stg0.8836 today. This leaving the downside vulnerable with
Stg0.8810-Stg0.8805 now protecting against a deeper correction.

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