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Bullish Focus Intact *RES 4:......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish Focus Intact
*RES 4: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 3: 3708.82 High Nov 1, 2017
*RES 2: 3700.00 Round number resistance
*RES 1: 3692.20 High Nov 6
*PRICE: 3688.74 @ Close Nov 6
*SUP 1: 3637.94 High Oct 28 and former breakout point
*SUP 2: 3593.60 Low Oct 31
*SUP 3: 3571.01 Low Oct 18 and key support
*SUP 4: 3562.39 Low Oct 15
EUROSTOXX50 retains a bullish tone and was firmer again yesterday. The clear
break of 3637.94, Oct 28 high this week confirmed a resumption of the underlying
uptrend, paving the way for strength towards 3700.00 and 3748.12 next. Momentum
studies continue to point north reinforcing the current bullish theme Moving
average studies too are firm. On the downside, trend support has been defined at
3593.60. Bullish still.

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