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Finds Temporary Resistance *RES...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Finds Temporary Resistance
*RES 4: 3657.96 Bull channel top drawn off the Mar 16 low
*RES 3: 3553.05 High Feb 27
*RES 2: 3498.07 76.4% retracement of the Feb - Mar sell-off
*RES 1: 3451.16 High Jul 21 and the bull trigger
*PRICE: 3370.76.35 @ Close Jul 22
*SUP 1: 3332.64 Low Jul 20
*SUP 2: 3277.40/241.29 Low Jul 14 / Low Jul 10
*SUP 3: 3223.15/181.12 50-day EMA / Low Jul 1
*SUP 4: 3202.25 Bull channel base drawn off the Mar 16 low
EUROSTOXX 50 maintains a bullish condition although the index traded lower
yesterday having found resistance Tuesday at 3541.16. Recent gains confirmed an
extension of the current uptrend following the breach of the former resistance
at 3394.90, Jun 8 high. With moving average studies in a clear bullish
condition, further gains are likely. The focus is on 3498.07, 76.4% of the Feb -
Mar sell-off. Initial support has been defined at 3332.64, Monday's low.

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