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Going Nowhere Fast *RES 3:........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Going Nowhere Fast
*RES 3: 3452.41 High Sep 27
*RES 2: 3422.34 High Mar 19
*RES 1: 3377.93 High Mar 22
*PRICE: 3320.94 @ Close Mar 28
*SUP 1: 3281.79/3274.91/3273.68 Low Mar 25/200-dma/Low Mar 8
*SUP 2: 3226.12/3215.04 38.2% retracement/High Feb 6
*SUP 3: 3175.71 Low Feb 15
Price action Thursday was particularly uninspiring and did little to change the
near-term technical picture. The 200-dma remains key support for Eurostoxx,
currently sitting at 3274.91 and bears need to break and close below here to
reignite any further downside momentum. But, for now, the outlook is more
neutral, with bulls initially targeting the Mar22 high at 3377.93 ahead of the
best levels of 2019 at 3422.34. Bears remain focused on Monday's low/March 8 low
at 3281.79/3273.68. Below here would add weight to the bearish reversal case and
open the 32.8% retracement/Feb 6 high at 3226.12/3215.04.

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