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

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish Outlook 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: 3678.63 High Nov 5
*PRICE: 3676.52 @ Close Nov 5
*SUP 1: 3593.60 Low Oct 31
*SUP 2: 3571.01 Low Oct 18 and key support
*SUP 3: 3562.39 Low Oct 15
*SUP 4: 3531.23 Low Oct 14
EUROSTOXX50 was firmer again yesterday as risk-on sentiment continued to
dominated. The clear break of 3637.94, Oct 28 high this week confirms a
resumption of the underlying uptrend, paving the way for strength towards
3700.00 and 3748.12. 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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