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Bullish Above Its Trendline.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish Above Its Trendline
*RES 4: 3836.28 High Apr 13, 2015 and key resistance
*RES 3: 3820.82 2.00 projection of the Dec 3 - Dec 6 rally from Dec 10 low
*RES 2: 3816.32 High Apr 15, 2015
*RES 1: 3807.09 High Jan 2 and bull trigger
*PRICE: 3774.14 @ Close Jan 16
*SUP 1: 3732.90 Low Jan 8
*SUP 2: 3731.19 Trendline support drawn off the Aug 15 low
*SUP 3: 3710.94 Low Jan 6
*SUP 4: 3625.00 Low Dec 10
EUROSTOXX50 is consolidating. The technical outlook remains bullish with the
index continuing to trade above its key trendline support drawn off the Aug 15
low. The trendline intersects at 3731.19 and a break of this level is required
to signal a top in the current 5-month uptrend. Until then, the focus is on a
climb towards 3816.32 and 3836.28, the Apr 15 and Apr 13, 2015 highs
respectively. The bull trigger is 3807.09.

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