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Impulsive rally extends *RES 4:...>

EUROSTOXX50 TECHS: Impulsive rally extends
*RES 4: 3539.94 High Jul 29
*RES 3: 3526.53 High Jul 30
*RES 2: 3494 66 76.4% retracement of the Jul 25 - Aug 15 downleg
*RES 1: 3488.48 High Sep 5
*PRICE: 3484.70 @ Close Sep 5
*SUP 1: 3406.55 Low Sep 3 and key near-term support
*SUP 2: 3356.68 Low Aug 29
*SUP 3: 3318.33 Low Aug 26
*SUP 4: 3286.54 Low Aug 16
EUROSTOXX50 extended it current impulsive rally once again yesterday and has
convincingly cleared the 3445.84 Fibonacci retracement level, 61.8% of the Jul
25 - Aug 15 decline. The bullish outlook remains intact, the next objective is
at the 76.4% retracement level of 3494.66. Key short-term support has been
defined at 3406.55, the low of Sep 3. A break of this support would be the first
sign of potential waning momentum. For now, the focus is on the upside.

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