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Swing Target At Stg0.8925 The...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Swing Target At Stg0.8925 The Next Barrier To Cross
*RES 4: Stg0.8981 Nov 28 high
*RES 3: Stg0.8970 1% volatility band
*RES 2: Stg0.8951 76.4% Fibo of Stg0.9032-Stg0.8689
*RES 1: Stg0.8925 1.618 swing of Stg0.8891-Stg0.8836
*PRICE: Stg0.8871 @1637GMT
*SUP 1: Stg0.8865 Initial recovery high Jan 3, now support
*SUP 2: Stg0.8848 Jan 3 low
*SUP 3: Stg0.8836 Dec 22 low
*SUP 4: Stg0.8805/10 Congestion area mid December
*COMMENTARY* Rally moved above the initial swing target at Stg0.8900 earlier in
the week but was curtailed around the equality rise target in the slightly
higher Stg0.8916 area. This and a second swing target at Stg0.8925, present 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 Stg0.8890-Stg0.8880 has been
lost but very recent upside momentum intact while above Stg0.8865.

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