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Eyeing the upside *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Eyeing the upside
*RES 4: 3587.16 1.618 projection of Aug 15 - 22 rally from Aug 26 low
*RES 3: 3578.04 High Sep 20 and bull trigger
*RES 2: 3565.97 Former trendline support drawn off Aug 15 low
*RES 1: 3538.16 High Sep 26
*PRICE: 3532.18 @ Close Sep 26
*SUP 1: 3480.28 Low Sep 25
*SUP 2: 3479.58 Low Sep 10
*SUP 3: 3448.60 38.2% retracement of Aug 15 - Sep 20 high
*SUP 4: 3424.98 Sep 4 low
EUROSTOXX50 traded higher yesterday. This follows the recovery off Wednesday's
low which at the day's close confirmed a bullish hammer candle formation. This
suggests the recent pullback has been a correction and more importantly that the
correction has run its course. If correct, further gains will likely follow
however for strong bullish interest to emerge, a break above 3565.97 is
required. This is the former t-line breached Wednesday. 3480.28 is support.

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