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Shrugging Off Peripheral..........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Shrugging Off Peripheral Weakness
*RES 4: 3708.82 High Nov 1, 2017 
*RES 3: 3687.22 High Jan 23, 2018 
*RES 2: 3596.20 High May 18 
*RES 1: 3536.87 High Jul 31 
*PRICE: 3502.63 @ Close Apr 24 
*SUP 1: 3412.95/3418.00 Low Apr 11/uptrend support from Dec low 
*SUP 2: 3353.67 Low Apr 1 
*SUP 3: 3281.79/3277.24/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3226.12/3215.04 38.2% retracement/High Feb 6 
Eurostoxx managed to close above the 3500 level again yesterday despite some
weakness in peripheral eurozone stocks, keeping the rally alive and the focus on
the July 31 high at 3536.87. A break above here would open the May 18 high at
3596.20. Bears need to take out uptrend support from the Dec lows at 3418.00
ahead of the April 11 low at 3412.95. Below here would open the April 1 low at
3353.67 ahead of the key 200-dma support area.

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