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EUROSTOXX50 TECHS: Breaches Resistance
*RES 4: 3618.43 Bull channel top drawn off the Mar 16 low
*RES 3: 3498.07 76.4% retracement of the Feb - Mar sell-off
*RES 2: 3448.24 High Mar 3
*RES 1: 3399.71 High Jul 15
*PRICE: 3378.21 @ Close Jul 15
*SUP 1: 3241.29 Low Jul 10
*SUP 2: 3188.49/181.12 50-day EMA / Low Jul 1
*SUP 3: 3152.83 Bull channel base drawn off the Mar 16 low
*SUP 4: 3149.67 Low Jun 25
EUROSTOXX 50 traded higher yesterday and managed to breach resistance at
3375.70, Jul 6 high. This reinforces current bullish conditions and paves the
way for strength towards 3394.90, Jun 8 high that also represents the key bull
trigger. A break would confirm a resumption of the uptrend that has been in
place since reversing on Jun 16. Initial key support has been defined at
3241.29, Jul 10 low.

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