Paring Some Gains *RES 4:.........>

EUROSTOXX50 TECHS: Paring Some Gains

*RES 4: 3596.20 High May 18

*RES 3: 3536.89 High July 31

*RES 4: 3463.03 High Aug 28

*RES 1: 3452.41 High Sep 27

*PRICE: 3372.38 @ Mar 20 Close

*SUP 1: 3343.50 Up trend channel support from Dec 27

*SUP 2: 3316.52 21-dma

*SUP 3: 3279.90/3273.68 200-dma/Low Mar 8

After trading through the 150% retracement from 2908.70-3244.98 at 3213.12 on

Tuesday, Eurostoxx pared some of its gains yesterday, closing back in line with

the 138.2% retracement which comes in at 3373.44. Bulls need to close above 3400

again to shift the focus to the Sep 27 high at 3452.41. Above here would open

the July 31 high at 3536.89. Bears look to close below uptrend support which

comes in at 3343.50 to open the 21-dma at 3316.52. Below here would allow a test

of the 200-dma/March 8 low at 3279.90/3273.68.