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

EUROSTOXX50 TECHS: Bullish Outlook Intact

*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: 3789.51 @ Close Jan 10

*SUP 1: 3732.90 Low Jan 8

*SUP 2: 3712.96 Trendline support drawn off the Aug 15 low

*SUP 3: 3710.94 Low Jan 6

*SUP 4: 3625.00 Low Dec 10

The EUROSTOXX50 technical picture remains bullish. The index traded to a fresh

trend high last week, breaching former resistance at 3801.13, Jan 2 high and

traded at levels last seen in April 2015. Scope is for gains towards 3816.32 and

3836.28, the Apr 15 and Apr 13, 2015 highs respectively. Key trendline support

drawn off the Aug 15 low remains intact. The trendline intersects at 3712.96

today and while it holds, the outlook is bullish.