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Sights Are On The January High....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Sights Are On The January High
*RES 4: 3900.00 Round number resistance
*RES 3: 3850.59 0.764 projection of Oct 3 - Nov 19 rally from Dec 3 low
*RES 2: 3813.80 High Jan 17 and key bull trigger
*RES 1: 3808.74 High Feb 6
*PRICE: 3798.49 @ Close Feb 7
*SUP 1: 3717.72 Low Feb 5
*SUP 2: 3639.44 Low Jan 31 and key support
*SUP 3: 3625.00 Low Dec 10
*SUP 4: 3594.80 Low Dec 3
EUROSTOXX50 held onto last week's gains going into Friday's close. A number of
important short-term resistance levels were breached last week with attention
now on the January 17 high of 3813.80. This level also marks the bull trigger. A
break here would confirm a resumption of the broader uptrend opening 3850.59, a
Fibonacci projection level. Last Wednesday's low of 3717.72 marks initial
support.

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