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Then index remains under..........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Then index remains under pressure with European equity
indices still weaker this morning, having failed to benefit from yesterday's US
stock rally. Financials are leading the index lower, with the EuroStoxx Bank
Index entering a bear market having declined over 20% from the February peak.
- From a technical perspective, the recent recovery has lacked any real bullish
impulse and reinforces the underlying bearish sentiment that reflects the
current downtrend.
- The first support lies at 3350.23, Apr Mar 4 low where a break would open
Monday's low of 3257.99.
- Clearance of Monday's low would confirm a resumption of the downtrend.
- Resistance is at 3448.24.

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