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21/55-DMAs Holding For Now .......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 21/55-DMAs Holding For Now 
*RES 4: 3540.64 High June 15 
*RES 3: 3536.87 High July 31 
*RES 2: 3514.78 High August 7 
*RES 1: 3486.31 High August 10 
*PREVIOUS CLOSE: 3456.13
*SUP 1: 3404.87 Low August 22 
*SUP 2: 3349.14 Low August 15 
*SUP 3: 3340.85 Low June 27 
*SUP 4: 3331.53 200-WMA 
A late-day rally allowed the 21 and 55-dmas to remain intact keeping the focus
to the upside for Eurostoxx 50. The Aug 10 high of 3486.31 remains the focus for
the bulls, a break of which would bring down trendline support from the Jan peak
into play. Failure to hold above the 21 and 55-dmas would allow bears to eye the
Aug 22 low at 3404.87, and below here would shift the focus back to the Aug 15
low and beyond.
Fixed Income Technical AnalysisMarketsFixed Income Bullets
Fixed Income Technical AnalysisMarketsFixed Income Bullets

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