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Testing 200-DMA *RES 4: 3536.87...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Testing 200-DMA
*RES 4: 3536.87 High July 31 2018 
*RES 3: 3452.41 High Sep 27 
*RES 2: 3370.00 Downtrend resistance from Jan 2018 high 
*RES 1: 3292.58 200-dma 
*PREVIOUS CLOSE: 3289.32 
*SUP 1: 3207.38 21-dma 
*SUP 2: 3100.70 Pivot 
*SUP 3: 2908.70 Dec 27 low 
*SUP 4: 2892.52 Aug 3 2016 Low 
Eurostoxx touched its 200-dma yesterday but closed marginally below it. A close
above here would open down trendline resistance from the Jan 2018 highs, above
which would further improve the outlook and target the Sep 27 high. To regain
the upper hand bears need to break back below the 21-dma at 3207.38, which would
bring the 3100 pivot area into focus. Below here would suggest a bearish
reversal towards the Dec 27 low at 2908.70.

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