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EUROSTOXX50 TECHS: Uptrend Still Lacking Impulse
*RES 4: 3700.00 Round number resistance
*RES 3: 3687.22 Jan 2018 high
*RES 2: 3665.64 0.764 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3637.94 High Oct 28
*PRICE: 3622.09 @ Close Oct 29
*SUP 1: 3602.40 Low Oct 25
*SUP 2: 3571.01 Low Oct 18 and key support
*SUP 3: 3562.39 Low Oct 15
*SUP 4: 3531.23 Low Oct 14
EUROSTOXX50 is bullish having managed to extend gains this week with a high
print of 3637.94. This follows last week's break of 3630.43, Oct 17 high
confirming a resumption of the uptrend. It should be noted that Friday's price
action is a doji candle as is Monday's pattern This suggests a strong upside
push is proving difficult for now and indeed yesterday's activity was lacklustre
too. Key support is at 3571.01 and needs to hold to maintain a bullish outlook.