21-DMA Support Holds *RES 4:.....>

EUROSTOXX50 TECHS: 21-DMA Support Holds 

*RES 4: 3536.87 High Jul 31 

*RES 3: 3486.31 High Aug 10 

*RES 2: 3452.41 High Sep 27 

*RES 1: 3282.22 High Oct 17 

*PREVIOUS CLOSE: 3207.42 

*SUP 1: 3201.39 21-dma 

*SUP 2: 3090.85 Low Oct 26 

*SUP 3: 3030.00 Up trendline support from 2012 low 

*SUP 4: 2984.48 Low Dec 2 2016 

Bulls managed to hold above the 21-dma at 3201.39 yesterday despite this level

coming under pressure, which keeps the recovery alive. The Oct 17 high at

3282.22 needs to be overcome to shift the outlook positive and target the Sep 27

highs. On the downside, a break below the 21-dma would give bears the

opportunity to target the Oct 26 low at 3090.85 to extend the selloff and test

up trendline support from the 2012 low which comes in around 3030.