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Under Pressure Once Again *RES....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Under Pressure Once Again
*RES 4: 4000.00 Psychological round number
*RES 3: 3929.61 1.00 projection of Oct 3 - Nov 19 rally from Dec 3 low
*RES 2: 3900.00 Round number resistance
*RES 1: 3867.28 High Feb 20 and bull trigger
*PRICE: 3800.38 @ Close Feb 21
*SUP 1: 3776.82 Low Feb 21
*SUP 2: 3753.36 50.0% retracement of the Jan 31 - Feb 20 rally
*SUP 3: 3726.47 61.8% retracement of the Jan 31 - Feb 20 rally
*SUP 4: 3717.72 Low Feb 5
Markets pulled back further Friday, prompting bears to narrow in on the 50-day
EMA currently at 3762.98. This area of support is seen as a key level near-term.
A close below would represent a bearish development. This would open two
important retracement levels at 3753.36 and 3726.47. The latter is the 61.8%
level of the Jan 31 - Feb 20 rally where a break would signal scope for a deeper
retracement. Key resistance has been defined at 3867.28.
Fixed Income Technical AnalysisMarketsFixed Income Bullets
Fixed Income Technical AnalysisMarketsFixed Income Bullets

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