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Heading North *RES 4: 3347.83.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Heading North
*RES 4: 3347.83 High Mar 6
*RES 3: 3269.66 61.8% retracement of the Feb - Mar sell-off
*RES 2: 3214.20 High Mar 9
*RES 1: 3200.00 Round number resistance
*PRICE: 3159.02 @ Close Jun 2
*SUP 1: 3096.15 Low Jun 2
*SUP 2: 3049.33 Low May 29 and key near-term support
*SUP 3: 2971.75/67.28 20- and 50-day EMA
*SUP 4: 2912.96 Low May 25
EUROSTOXX 50 traded higher yesterday and remains bullish. A positive outlook
follows last week's breach of key resistance at 3023.83, Apr 30 high that
confirmed a resumption of the uptrend that has been in place since the Mar 16
low. The break higher paves the way for strength towards the 3200 handle next
and 3214.20, Mar 9 high. Momentum studies remain firm and this reinforces
underlying bullish conditions. Initial support lies at 3096.15, yesterday's low.

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