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Bulls Pause For Breath *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Pause For Breath
*RES 4: 3836.28 High Oct 13, 2015
*RES 3: 3830.60 1.236 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3708.65 High Nov 7
*PRICE: 3696.82 @ Close Nov 11
*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 focus following last week's extension higher. The
current consolidation marks a pause in the uptrend. The clear break recently of
3637.94, Oct 28 high confirmed a resumption of the underlying uptrend, paving
the way for strength towards 3748.12 next, now that 3700.00 has been cleared.
Momentum and moving average studies remain firm reinforcing the current trend
conditions. On the downside, initial support is at 3637.96.

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