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EUROSTOXX50 TECHS: Looking For A Strong Upside Break
*RES 4: 3700.00 Round number resistance
*RES 3: 3687.22 Jan 2018 high
*RES 2: 3665.64 0.764 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3637.94 High Oct 28 and bull trigger
*PRICE: 3620.29 @ Close Oct 30
*SUP 1: 3596.30 Low Oct 30
*SUP 2: 3571.01 Low Oct 18 and key support
*SUP 3: 3562.39 Low Oct 15
*SUP 4: 3531.23 Low Oct 14
EUROSTOXX50 recovered off its day low yesterday to maintain a bullish outlook
following last week's break of 3630.43, Oct 17 high that confirmed a resumption
of the uptrend. It should be noted that the price action on Oct 25/28 are doji
candle formations. This suggests a strong upside push is proving difficult and
indeed recent activity has been lacklustre. Key support is at 3571.01 and needs
to hold to maintain a bullish outlook. The upside trigger is 3637.94.