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Bullish Confidence Receives A.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish Confidence Receives A Boost
*RES 4: 3636.22 Monthly High Feb 1 
*RES 3: 3600.36 Low Jan 21 now resistance 
*RES 2: 3570.95 Alternating daily support/resistance 
*RES 1: 3564.23 Bollinger band top
*PREVIOUS CLOSE: 3536.26
*SUP 1: 3523.81 High Apr 24 now support 
*SUP 2: 3502.91 Hourly support Apr 26 
*SUP 3: 3464.35 Low Apr 25 
*SUP 4: 3435.58 Low Apr 16
*COMMENTARY: Pressure on 3523.81 took its toll with the close above seeing
immediate focus on 3570.95-3600.36 and overall focus now on tests of 2018 highs
(3687.22). O/B daily studies remain the key concern for bulls. Initial support
is noted at 3523.81 but bears look for a close below 3502.91 to ease bullish
pressure and below 3464.35 to shift focus back to 3383.17-3417.29 where the
55-DMA (3417.29) is situated.

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