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Focus Back On Key Resistance......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Back On Key Resistance Layers 
*RES 4: 3539.48 High July 13 
*RES 3: 3529.99 High July 20 
*RES 2: 3522.57 55-DMA 
*RES 1: 3521.76 Daily Bear channel top
*PREVIOUS CLOSE: 3505.80
*SUP 1: 3497.21 Low Aug 7 
*SUP 2: 3490.49 High Aug 1 now support 
*SUP 3: 3472.05 Hourly resistance Aug 4 now support 
*SUP 4: 3454.06 Hourly support Aug 3
*COMMENTARY: The recovery from the range base and last week's low has resulted
in focus back on the 3521.76-3555.37 resistance region. Bulls look for a close
above 3555.37 to confirm a bullish bias and initially target 3615.06 with
overall focus on 2017 highs. Layers of support remain with bears still needing a
close below 3490.49 to ease bullish pressure and below 3472.06 to confirm a
break of the 21-DMA (3485.83) & shift focus back to 3431.19-3438.15.

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