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Bearish Focus *RES 4: 3448.24.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bearish Focus
*RES 4: 3448.24 High Mar 3
*RES 3: 3394.90 High Jun 8 and the bull trigger
*RES 2: 3355.76 High Jun 10
*RES 1: 3317.87 High Jun 23 and key near-term resistance
*PRICE: 3218.91 @ Close Jun 25
*SUP 1: 3149.67 Low Jun 25
*SUP 2: 3106.48/3054.11 50-day EMA / Low Jun 15
*SUP 3: 3023.83 High Apr 30
*SUP 4: 3014.46 Bull channel base drawn off the Jun 16 low.
EUROSTOXX 50 experienced a sharp sell-off Wednesday but did manage to retrace
some losses yesterday. Recent gains between Jun 15 - 23 are likely a correction
and Tuesday's1 move lower suggests a top may have been defined at 3317.87,
Tuesday's high. Further weakness would signal scope for a test of key near-term
support at 3054.11, Jun 15 low. The index needs to break above 3317.87 to ease
the developing bearish pressure.

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