(U3) Primary Uptrend Remains Intact

• RES 4: 4487.00 1.50 proj of the May 31 - Jun 5 - 7 price swing
• RES 3: 4472.40 1.382 proj of the May 31 - Jun 5 - 7 price swing
• RES 2: 4448.00 High Jan 2008 (cont)
• RES 1: 4438.00 20-day EMA / High Jun 16 and bull trigger
• PRICE: 4370.00 @ 06:39 BST Jun 29
• SUP 1: 4262.00 Low Jun 26
• SUP 2: 4241.00 Low May 31 and the bear trigger
• SUP 3: 4200.00 Round number support
• SUP 4: 4150.00 Low Mar 29

The Eurostoxx 50 futures uptrend remains intact and the pair has recovered from Monday’s low. A bearish cycle since Jun 16 resulted in a correction. The contract breached support at 4301.00, the Jun 8 low. This level represented a key short-term support and an extension lower would expose 4241.00, the May 31 low and an important medium-term support point. Key resistance and the bull trigger has been defined at 4438.00, the Jun 16 high.