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Bearish Engulfing Pattern Takes...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bearish Engulfing Pattern Takes Shape
*RES 4: 3596.20 High May 18, 2018
*RES 3: 3591.83 1.00 projection of Jun 27-Jul 4 rally off the Jul 27 low
*RES 2: 3573.57 High Jul 25
*RES 1: 3539.94 High Jul 29
*PRICE: 3466.85 @ Close Jul 31
*SUP 1: 3455.13 Low Jul 30
*SUP 2: 3442.39 Low Jun 28
*SUP 3: 3424.68 Low Jun 27
*SUP 4: 3379.49 Trendline support drawn off the Dec 27, 2018 low
EUROSTOXX50 price action continues to look heavy and comes amid bearish
engulfing candlestick reversal formation defined activity on Jul 25 that
signalled a top. The focus is on support at 3424.68, the low of Jun 27 where a
break would trigger further downside. Resistance comes in at 3539.94 ahead of
3573.57.

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