Probed S/T Trendline Support......>

EUROSTOXX50 TECHS: Probed S/T Trendline Support

*RES 4: 3498.07 76.4% retracement of the Feb - Mar sell-off

*RES 3: 3448.24 High Mar 3

*RES 2: 3394.90 High Jun 8 and the key trend bull trigger

*RES 1: 3375.70 High Jul 6 and the intraday bull trigger

*PRICE: 3296.22 @ Close Jul 10

*SUP 1: 3241.29 Low Jul 10

*SUP 2: 3181.12 Low Jul 1

*SUP 3: 3167.74/3149.67 50-day EMA / Low Jun 25

*SUP 4: 3123.18 Bull channel base drawn off the Mar 16 low

EUROSTOXX 50 bounced off the day low Friday resulting in a strong close. A S/T

trendline support lies at 3265.75 and was probed Friday. This trendline reflects

the most recent recovery phase and is drawn off the Jun 15 low. A clear break

would be bearish and signal scope for a deeper S/T pullback to 3149.67

initially, Jun 25 low. On the upside key resistance is at 3375.70, Jul 7 high. A

break would offset any recent bearish threats and resume the uptrend.