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Hesitating Around 200-DMA *RES...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Hesitating Around 200-DMA 
*RES 4: 3467.78 High Aug 23 
*RES 3: 3451.52 21-DMA 
*RES 2: 3439.65 High Aug 28 
*RES 1: 3412.26 High Aug 30
*PREVIOUS CLOSE: 3403.71
*SUP 1: 3395.03 Hourly resistance Aug 29 now support 
*SUP 2: 3373.52 Hourly support Aug 29 
*SUP 3: 3363.68 Low Aug 29 
*SUP 4: 3355.40 High Feb 22 now support
*COMMENTARY: The 21-DMA capped recent attempts to return pressure to the 55-DMA
and bear channel top (3484.48) resulting in closes below the 200-DMA (3408.93).
Bears focus on 3324.94-3363.68 with a close below 3324.94 to target 2017 lows
(3214.31). Initial resistance is now noted at 3412.26 with bulls needing a close
above to shift focus back to 3451.52-3539.48. The Bollinger base (3385.54)
remains the key concern.

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