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55 & 100-DMA Support At Risk......>

EUROSTOXX50 TECHS: 55 & 100-DMA Support At Risk
*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: 3495.56 5-DMA
*PRICE: 3490.03 @ Close Aug 1
*SUP 1: 3428/3438 100-DMA, 55-DMA
*SUP 2: 3424.68 Low Jun 27
*SUP 3: 3379.49 Trendline support drawn off the Dec 27, 2018 low
*SUP 4: 3290.61 200-DMA
EUROSTOXX50 holding above the 55 & 100-DMA's at 3438 and 3428 respectively, but
downside risks prevail after the bearish engulfing candlestick reversal
formation that defined activity on Jul 25 which signalled a top.

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