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Approaches trend high *RES 4:.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Approaches trend high
*RES 4: 3596.20 High May 18, 2018
*RES 3: 3558.40 1.00 projection of Jun 14-Jun 21 rally from Jun 27 low
*RES 2: 3549.26 High Jul 4 and key bull trigger
*RES 1: 3544.34 High Jul 23
*PRICE: 3532.90 @ Close Jul 24
*SUP 1: 3496.86 Low Jul 23
*SUP 2: 3467.25 Low Jul 18 and key support
*SUP 3: 3455.14 50-day EMA
*SUP 4: 3442.39 Low Jun 28
EUROSTOXX50 appears to have completed its correction lower following Tuesday's
strong rebound. A clear support has been defined at 3467.25, the low on Jul 18.
Attention is on the key resistance at 3549.26, the high of Jul 4 where a break
would confirm a resumption of the uptrend that has been in place since Jun 3. A
break higher would open 3596.20, the May 18, 2018 high. On the downside,
clearance of 3467.25 is required for bears to return.

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