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Bulls Maintain Their Hold *RES....>

EUROSTOXX50 TECHS: Bulls Maintain Their Hold
*RES 4: 3665.64 0.764 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 3: 3614.62 0.618 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3588.68 High Oct 1 and key resistance
*RES 1: 3569.92 High Oct 11
*PRICE: 3556.26 @ Close Oct 14
*SUP 1: 3490.52 Low Oct 11
*SUP 2: 3426.82 Low Oct 8
*SUP 3: 3398.64 Low Oct 3 and bear trigger
*SUP 4: 3372.70 61.8% retracement of Aug 15 - Oct 1 rally
EUROSTOXX50 remains bullish following last week's rally with attention on key
resistance at 3588.68. Momentum studies are in a firm bull mode and this signals
scope for a continued push higher. A break of 3588.68, Oct 1 high would open
3614.62 and 3665.64, both Fibonacci projection levels. It would take a failure
ahead of 3588.68 and a break below Friday's 3490.52 low to alter the picture and
undermine the recent recovery.

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