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200DMA To Act As Support *RES.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 200DMA To Act As Support
*RES 4: 3566.53 Low May 18 now resistance 
*RES 3: 3543.81 Daily bear channel top off 2018 high 
*RES 2: 3540.64 High June 15 
*RES 1: 3523.23 Bollinger band top 
*PREVIOUS CLOSE: 3527.18 
*SUP 1: 3493.98 High July 24 
*SUP 2: 3460.00 Low July 25 
*SUP 3: 3444.55 21-DMA 
*SUP 4: 3418.06 Low July 12 
The index rallied cleanly above its 200DMA (3506.02) on Friday with the June 16
high of 3540.64 the next hurdle to overcome for the bulls. Beyond this, the
daily bear channel top from the January highs at 3543.81 is the next key
resistance level. On the downside, the 200DMA will be the first line of support,
while bears need a close below the July 24 high of 3493.98 to make the case for
a bearish reversal. 

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