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Focus Is On Trendline Support.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Is On Trendline Support
*RES 4: 3836.28 High Apr 13, 2015 and key resistance
*RES 3: 3820.82 2.00 projection of the Dec 3 - Dec 6 rally from Dec 10 low
*RES 2: 3816.32 High Apr 15, 2015
*RES 1: 3813.80 High Jan 17 and bull trigger
*PRICE: 3769.79 @ Close Jan 22
*SUP 1: 3749.41 Trendline support drawn off the Aug 15 low
*SUP 2: 3745.47 Low Jan 14
*SUP 3: 3732.90 Low Jan 8
*SUP 4: 3710.94 Low Jan 6 and key support
EUROSTOXX50 uptrend remains intact despite yesterday's pullback. Attention is on
the key trendline support drawn off the Aug 15 low. The trendline intersects at
3749.41 where a break is required to threaten, and signal a reversal of the
current 5-month uptrend. Until then, the outlook is bullish and the focus is on
3816.32 and 3836.28, the Apr 15 and Apr 13, 2015 highs respectively. The bull
trigger is 3813.80.

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