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Consolidates *RES 4: 4087.27......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Consolidates
*RES 4: 4087.27 61.8% 2000 - 2009 Decline
*RES 3: 4000.00 Psychological round number
*RES 2: 3929.61 1.00 projection of Oct 3 - Nov 19 rally from Dec 3 low
*RES 1: 3900.00 Round number resistance
*PRICE: 3822.98 @ Close Feb 20
*SUP 1: 3779.10 Low Feb 10 and key near-term support
*SUP 2: 3717.72 Low Feb 5
*SUP 3: 3639.44 Low Jan 31 and key support
*SUP 4: 3625.00 Low Dec 10
Markets held on to much of their gains Thursday, but those looking for further
upside will have been disappointed after a session of consolidation.
Nonetheless, this has kept markets in the recent uptrend, with the move
maintaining the broader bullish price sequence of higher highs and higher lows.
Attention turns to 3900.00 next with scope beyond this for a move towards
3929.61, a Fibonacci projection. Support is at 3779.1, the Feb 10 low.

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