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Recovery Extends *RES 4:..........>

EUROSTOXX50 TECHS: Recovery Extends
*RES 4: 3596.20 High May 18 
*RES 3: 3536.87 High Jul 31 
*RES 2: 3463.03 High Aug 28 
*RES 1: 3452.41 High Sep 27 
*PRICE: 3441.93 @ Close Apr 4 
*SUP 1: 3353.67 Low Apr 1 
*SUP 2: 3281.79/3274.51/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 3: 3226.12/3215.04 38.2% retracement/High Feb 6 
*SUP 4: 3175.71 Low Feb 15
The uptrend in Eurostoxx continues to extend as the next resistance level at the
Sep 27 high of 3452.41 comes into focus. A break would bring open the Aug 28
high at 3463.03 ahead of the July 31 high at 3536.87. To stabilise the outlook
bears need a push back below the April 1 low at 3353.67 to open the 200-dma
which holds a key support area. Below here would suggest a bearish reversal
towards the 32.8% retracement/Feb 6 high at 3226.12/3215.04.

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