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Below 3300 *RES 3: 3404.08........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Below 3300
*RES 3: 3404.08 55-dma
*RES 3: 3380.85 High May 27
*RES 2: 3374.33 21-dma
*RES 1: 3334.52 Trendline Resistance
*PRICE: 3280.43 @ Close May 31
*SUP 1: 3273.68/3269.13 Low Mar 8/200-dma
*SUP 2: 3211.92 50% retracement 2908.70-3514.62
*SUP 3: 3140.16/3124.62 61.8% retracement 2908.70-3514.62/Low Feb 8
*SUP 4: 3080.00 Head and shoulders target
Eurostoxx closed below 3300 on Friday, with bulls now looking for a move below
the March 8 low and 200-dma at 3273.68/3269.13. Below here would likely
accelerate the downside move towards the 50% retracement of the Dec-April rally.
Bulls need to recover trendline resistance at 3334.52 to turn the tide in their
favour.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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