Holding Onto Recent Gains *RES....>

EUROSTOXX50 TECHS: Holding Onto Recent Gains

*RES 4: 3448.24 High Mar 3

*RES 3: 3394.90 High Jun 8 and the bull trigger

*RES 2: 3355.76 High Jun 10

*RES 1: 3317.87 High Jun 23

*PRICE: 3298.83 @ Close Jun 23

*SUP 1: 3219.15 Low Jun 22

*SUP 2: 3156.03 Low Low Jun 16

*SUP 3: 3098.12/54.11 50-day EMA / Low Jun 15

*SUP 4: 3023.83 High Apr 30

EUROSTOXX 50 is consolidating but did manage to trade higher yesterday. For now,

the recovery since Jun 15 is still considered a correction with a bearish risk

still present following the sell-off between Jun 8 - 15. Attention is on

3098.12, the 50-day EMA and 3023.83, Apr 30 high. The bear trigger is 3054.11,

Jun 15 low. On the upside, initial resistance is at yesterday's high of 3317.87.