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Clears Former Key Support *RES....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Clears Former Key Support
*RES 4: 3900.00 Round number resistance
*RES 3: 3867.28 High Feb 20 and bull trigger
*RES 2: 3827.36 High Feb 21
*RES 1: 3762.35 High Feb 24
*PRICE: 3572.51 @ Close Feb 25
*SUP 1: 3568.48 Low Feb 25
*SUP 2: 3553.24 50.0% retracement of the Aug 2019 - Feb 2020 rally
*SUP 3: 3531.23 Low Oct 14
*SUP 4: 3490.52 Low Oct 11
EUROSTOXX 50, suffered sharp losses yesterday as equity indices in general sold
off. The index has cleared a former key support at 3639.44, the Jan 31 low. This
represents an important bearish breach reinforces the likelihood of a
potentially stronger reversal at the recent high of 3867.28 on Feb 20. The
breach opens 3553.24 next, a Fibonacci retracement. On the upside, yesterday's
high of 3668.70 marks initial resistance.

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