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Consolidating *RES 4: 3836.28.....>

EUROSTOXX50 TECHS: Consolidating
*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: 3733.45 High Nov 19 and bull trigger
*PRICE: 3704.48 @ Close Nov 28
*SUP 1: 3651.51 Low Nov 21
*SUP 2: 3637.94 High Oct 28 and former breakout point
*SUP 3: 3593.60 Low Oct 31
*SUP 4: 3585.41 Trendline support drawn off the Aug 15 low
EUROSTOXX50 started the week on a firmer note but appears for now to be
consolidating. Last weeks bearish price action however remains relevant. In
candle terms, the pattern on Nov 19 is a shooting star, highlighting a possible
top. Prices have also recently traded through support at 3679.63, Nov 13 low and
this potentially opens 3637.94, Oct 28 high. A break would undermine the
uptrend. Clearance of 3733.45 is needed to resume the bull trend.

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