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Still flirting with the 200-DMA...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Still flirting with the 200-DMA
*RES 4: 3473.00 High Aug 2
*RES 3: 3428.35 50.0% retracement of the Jul 25-Aug 7 decline
*RES 2: 3394.08 38.2% retracement of the Jul 25-Aug 7 decline
*RES 1: 3375.38/80.81 High Aug 8 and 13
*PRICE: 3357.16 @ Close Aug 13
*SUP 1: 3298.32/99.05 Low Aug 13 / 200-DMA
*SUP 2: 3283.13 Low Aug 7 and bear trigger
*SUP 3: 3248.54 Low Jun 3
*SUP 4: 3162.68 61.8% of Dec 2018-July 2019 rally
EUROSTOXX50 recently found support at the 200-DMA. For a stronger correction,
price action needs to clear resistance at 3375.38, the Aug 8 high. This level
was breached briefly yesterday. A clear break would open 3394.08 and 3428.35,
38.2% and 50.0% retracements of the Jul 25-Aug 7 decline respectively. Key
support has been defined at 3283.13, the Aug 7 low where a break would instead
mark a resumption of the recent selling pressure and open 3248.54.

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