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Clears Fibonacci level *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Clears Fibonacci level
*RES 4: 3494 66 76.4% retracement of the Jul 25 - Aug 15 downleg
*RES 3: 3491.16 High Aug 1
*RES 2: 3473.00 High Aug 2
*RES 1: 3461.06 High Sep 4
*PRICE: 3450.83 @ Close Sep 4
*SUP 1: 3406.55/3405.35 Low Sep 3 / High Aug 22
*SUP 2: 3356.68 Low Aug 29
*SUP 3: 3318.33 Low Aug 26 and key near-term support
*SUP 4: 3286.54 Low Aug 16
EUROSTOXX50 extended it current rally yesterday, breaking through the 3445.84
Fibonacci retracement level, 61.8% of the Jul 25 - Aug 15 decline. The bullish
outlook remains intact, the next objective is at the 76.4% retracement level of
3494.66. Key short-term support has been defined at 3406.55, the low of Sep 3. A
break below this support would be the first sign of potential waning momentum.
For now though the focus is on the upside.

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