In Retracement Mode *RES 4:.......>

EUROSTOXX50 TECHS: In Retracement Mode

*RES 4: 3816.32 High Apr 15, 2015

*RES 3: 3801.38 High Apr 16, 2015

*RES 2: 3782.29 High Apr 27, 2015

*RES 1: 3778.47 High Dec 16

*PRICE: 3739.00 @ Close Dec 18

*SUP 1: 3733.45 High Nov 19 and former breakout point

*SUP 2: 3659.53 Low Dec 11

*SUP 3: 3644.63/3625.00 Trendline drawn off the Aug 15 low / Low Dec 10

*SUP 4: 3594.80 Low Dec 3 and bear trigger

EUROSTOXX50 remains bullish. Bullish conditions were reinforced last week by a

failed attempt to break trendline support drawn off the Aug 15 low, followed by

a break of 3733.45, Nov 19 high to confirm a resumption of the uptrend. The

index is approaching highs last traded in April 2015. The focus is on 3801.38,

Apr 16 2015 high and 3836.28, Apr 13 2015 high. A break of the latter would

represent an important technical break. First support is 3733.43.