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Profit Taking *RES 4: 3596.20....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Profit Taking 
*RES 4: 3596.20 High May 18 
*RES 3: 3536.87 High Jul 31 
*RES 2: 3463.03 High Aug 28 
*RES 1: 3453.02 High Apr 5 
*PRICE: 3438.06 @ Close Apr 8 
*SUP 1: 3390.98 High Apr 1 
*SUP 2: 3353.67 Low Apr 1 
*SUP 3: 3281.79/3275.11/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3226.12/3215.04 38.2% retracement/High Feb 6 
Eurostoxx edged back from last week's highs yesterday amid profit taking
following a strong run up. Bulls look to take out Friday's high at 3453.02 to
reignite upside momentum towards the Aug 28 high at 3463.03. A break above here
would open the July 31 high at 3536.87. To stabilise the outlook bears need a
push back below the April 1 high at 3390.98 to open the April 1 low at 3353.67.
A break below here would bring the 200-dma key support area back into focus. 

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