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EURO-STERLING TECHS: Swing Target At Stg0.9091 Rebuffs Initial Assault
*RES 4: Stg0.9151 2% volatility band
*RES 3: Stg0.9143 76.4% of Stg0.9402-Stg0.8305, Oct 10 high
*RES 2: Stg0.9091 1.618 swing of Stg0.9055-Stg0.8996
*RES 1: Stg0.9075 Hourly resistance
*PRICE: Stg0.9056 @1522GMT
*SUP 1: Stg0.9015/25 Hourly support
*SUP 2: Stg0.8989/96 Aug 2 high, Aug 4 low
*SUP 3: Stg0.8969 Jul 28 high, now support
*SUP 4: Stg0.8935/40 Congestion lows Jul 28-Aug 2
*COMMENTARY* The brief move above the upper 1% volatility band today, has been
rewarded with an attempt on the next upside objective, the swing target at
Stg0.9091. Overbought in the near term as a result. A loss of Stg0.9040 will now
see pressure on stronger hourly support at Stg0.9025-Stg0.9015. The latter
should now stay intact if a deeper correction of gains from Stg0.8891 is to be
avoided. Above Stg0.9091 and Stg0.9143 remains the attraction.