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Focus Shifts To 3371.42-3407.33...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Shifts To 3371.42-3407.33 
*RES 4: 3490.49 Alternating daily support/resistance 
*RES 3: 3483.92 21-DMA 
*RES 2: 3474.71 Hourly resistance July 9 
*RES 1: 3456.01 Hourly resistance July 10
*PREVIOUS CLOSE: 3433.54
*SUP 1: 3424.89 Low Aug 9 
*SUP 2: 3407.33 Monthly Low Apr 19 
*RES 3: 3490.49 Alternating daily support/resistance 
*RES 4: 3474.71 Hourly resistance July 9
*COMMENTARY: The correction lower from the most recent failure around the 55-DMA
(3514.95) has resulted in fresh 4mth lows with the break of 3431.19 seeing
bearish focus shift to 3371.42-3407.33 where the 200-DMA (3379.68), monthly lows
and the bear channel base (3375.09) are situated. Bulls now need a close above
3474.71 to ease bearish pressure and above 3490.49 to shift focus back to
3514.95-3539.48.

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