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Approaching Key Resistance *RES...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Approaching Key Resistance
*RES 4: 3085.06 50.0% retracement of the Feb - Mar sell-off
*RES 3: 2997.02 50-day EMA
*RES 2: 2998.65 High Mar 11
*RES 1: 2956.22 High Apr 14 and bull trigger
*PRICE: 2932.06 @ Close Apr 28
*SUP 1: 2791.34 Low Apr 21 and bear trigger
*SUP 2: 2701.86 Low Apr 6
*SUP 3: 2626.10 Low Apr 2 and key support
*SUP 4: 2427.87 Low Mar 23
EUROSTOXX 50 edged higher yesterday. The index remains below the key near-term
resistance at 2956.22, Apr 14 high. A break of this level is required to negate
recent bearish price formations and instead confirm a resumption of the uptrend
that has been in place since Mar 16. This would open 2997.02, the 50-day EMA and
3085.06, 50.0% retracement of the Feb - Mar sell-off. Key support lies at
2791.34, Apr 21 low, a break would signal a reversal.

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