Bull Trend Resumes *RES 4:........>

EUROSTOXX50 TECHS: Bull Trend Resumes

*RES 4: 3929.61 1.00 projection of Oct 3 - Nov 19 rally from Dec 3 low

*RES 3: 3900.00 Round number resistance

*RES 2: 3850.59 0.764 projection of Oct 3 - Nov 19 rally from Dec 3 low

*RES 1: 3832.06 High Feb 11

*PRICE: 3825.84 @ Close Feb 11

*SUP 1: 3779.10 Low Feb 10 and key near-term support

*SUP 2: 3717.72 Low Feb 5

*SUP 3: 3639.44 Low Jan 31 and key support

*SUP 4: 3625.00 Low Dec 10

EUROSTOXX50 resumed its uptrend yesterday with resistance at the January 17 high

of 3813.80 cleared. The move reflects a general return to risk-on in the

marketplace. From a technical perspective, the break higher maintains the

broader bullish price sequence of higher highs and higher lows reinforcing the

uptrend. Attention turns to 3850.59 next, a Fibonacci retracement level. Support

for now has been defined at 3779.1, the Feb 10 low.