EUROSTOXX50 TECHS: (U4) Watching Support

• RES 4: 5200.00 Round number resistance  
• RES 3: 5151.00 High May 16 and the bull trigger      
• RES 2: 5132.00 High Jun 6
• RES 1: 4994.76/5087.00 50-day EMA / High Jul 12   
• PRICE: 4874.00 @ 08:14 BST Jul 19
• SUP 1: 4869.00 Low Jul 19 
• SUP 2: 4860.00 Low Jun 14 and the bear trigger
• SUP 3: 4846.00 Low Apr 19 and a key support  
• SUP 4: 4800.00 Round number support   

A bull cycle in Eurostoxx 50 futures remains intact, despite the pullback in prices early Friday. The move lower this week does undermine the bullish theme somewhat, with price having traded through the 50-day EMA, exposing the next support at 4860.00, the Jun 14 low. Clearance of this level would expose 4846.00, the Apr 19 low and a key reversal point. For bulls, a move higher and a break of 5087.00, the Jul 12 high, would again highlight a bullish theme.