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Vitually Reverses The Week's....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Vitually Reverses The Week's Previous Fall
*RES 4: Stg0.8886 76.4% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8841/42 1% volatility band, May 4 high
*RES 2: Stg0.8810 May 8 high
*RES 1: Stg0.8797 May 23 high
*PRICE: Stg0.8787 @0938GMT
*SUP 1: Stg0.8745/55 Hourly support
*SUP 2: Stg0.8720 Initial recovery high May 29, now support
*SUP 3: Stg0.8697 May 29 low
*SUP 4: Stg0.8673/81 76.4% Stg0.8620-Stg0.8842, Apr 26 low
*COMMENTARY* This week's Stg0.8795-Stg0.8697 fall has virtually been reversed
following the move back through Stg0.8775 resistance. Once again facing
potential problems from the Stg0.8795-Stg0.8797 area, as we again move back
towards the middle of the well established bear channel. Support now from
Stg0.8755-Stg0.8745 but it would require a loss of Stg0.8720 to renew downside
interest. Above Stg0.8797 and Stg0.8810 the next barrier higher.

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