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Bulls Hold On *RES 4: 3498.07.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Hold On
*RES 4: 3498.07 76.4% retracement of the Feb - Mar sell-off
*RES 3: 3448.24 High Mar 3
*RES 2: 3394.90 High Jun 8 and the key trend bull trigger
*RES 1: 3375.70 High Jul 6 and the intraday bull trigger
*PRICE: 3350.03 @ Close Jul 6
*SUP 1: 3239.48 Low Jul 2
*SUP 2: 3181.12 Low Jul 1
*SUP 3: 3149.67 Low Jun 25
*SUP 4: 3146.49/3054.11 50-day EMA / Low Jun 15
EUROSTOXX 50 maintains its current bullish cycle and extended gains yesterday to
a high of 3375.70, Jul 6 high. The recent break of resistance at 3317.87, Jun 23
high marked a positive development signalling scope for gains towards key
resistance at 3394.90, Jun 8 high. On the downside, key support has been defined
at 3149.67, Jun 25 low. Clearance of this support is required to reinstate a
bearish threat. Initial support is at 3239.48, Jul 2 low.

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