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Capped On Approach To 55-DMA......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Capped On Approach To 55-DMA
*RES 4: 3499.09 100-DMA 
*RES 3: 3476.21 High Feb 27 
*RES 2: 3448.63 High Mar 16 
*RES 1: 3438.20 55-DMA
*PREVIOUS CLOSE: 3414.85
*SUP 1: 3383.17 Alternating daily support/resistance 
*SUP 2: 3300.81 Low Apr 4 
*SUP 3: 3261.86 2018 Low Mar 26 
*SUP 4: 3252.29 High Feb 8 2017 now support
*COMMENTARY: The recovery from 2018 lows remains capped ahead of the 55-DMA.
Bulls now need a close above 3448.63 to confirm a break of the 55-DMA and above
3523.28 to shift focus to 2018 highs. Bears hold the advantage while the 55-DMA
caps but continue to look for a close below 3383.17 to return initial focus to
2018 lows.

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