Still vulnerable *RES 4:..........>

EUROSTOXX50 TECHS: Still vulnerable

*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 High Aug 8

*PRICE: 3326.55 @ Close Aug 12

*SUP 1: 3298.01 200-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 remains vulnerable, but has recently found support at the 200-DMA.

For a stronger correction to unfold, price action needs to clear resistance at

3375.38, the Aug 8 high. This would open 3394.08 and 3428.35, the 38.2% and

50.0% retracement levels 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.