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200-DMA Key Support *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 200-DMA Key Support
*RES 4: 3591.83 1.00 projection of Jun 27-Jul 4 rally off the Jul 27 low
*RES 3: 3573.57 High Jul 25
*RES 2: 3539.94 High Jul 29
*RES 1: 3387.12 5-DMA
*PRICE: 3291.66 @ Close Aug 6
*SUP 1: 3294.412 200-DMA
*SUP 2: 3241.14/3248.54 50% of Dec 2018-July 2019 rally, Low Jun 3
*SUP 3: 3175.71 Low Feb 15
*SUP 4: 3162.68 61.8% of Dec 2018-July 2019 rally
EUROSTOXX50 briefly traded through the 200-DMA yesterday, but this level is
still crucial support. A decisive break below is seen extending sell-off to
3241.14 - the 50% of Dec 2018-July 2019 rally. Whilst the 200-DMA holds, risk of
a near-term bounce remains high as daily studies work off their oversold
readings.

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