Trendline break weighs *RES 4:....>

EUROSTOXX50 TECHS: Trendline break weighs

*RES 4: 3600.00 Round number resistance

*RES 3: 3558.40 1.00 projection of Jun 14-Jun 21 rally from Jun 27 low

*RES 2: 3549.26 High Jul 4 and key bull trigger

*RES 1: 3523.60 High Jul 10

*PRICE: 3497.63 @ Close Jul 12

*SUP 1: 3492.18 Low Jul 9 and 12

*SUP 2: 3476.08 Low Jul 1

*SUP 3: 3442.39 Low Jun 28

*SUP 4: 3434.38 38.2% retracement of the rally between Jun 3-Jul 4

EUROSTOXX50 lies at the lower end of its recent retracement. Last weeks break of

trendline support drawn off the Jun 3 low suggests scope exists for a deeper

corrective pullback. A move below the low of last week at 3492.18 would open

3476.08, the low of Jul 1. The 38.2% retracement of the Jun 3-Jul 4 rally lies

at 3434.38. Resistance for today is 3523.60, the high of Jul 10. A move above it

is required to reinstate a bullish theme and open the 3549.26 trend high.