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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.

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