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Vulnerable following trendline....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Vulnerable following trendline break
*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: 3531.47 High Jul 8
*PRICE: 3496.73 @ Close Jul 11
*SUP 1: 3492.18 Low Jul 9
*SUP 2: 3476.08 Low Jul 1
*SUP 3: 3442.39 Low Jul 28
*SUP 4: 3434.38 38.2 retracement of the rally from Jun 3-Jul 4
EUROSTOXX50 remains below last Friday's high and has this week breached
trendline support drawn off the Jun 3 low. This suggests scope for a deeper
corrective pullback. A move below Tuesday's low of 3492.18 would open 3476.08
next, the low of Jul 1. The 38.2% retracement of the Jun 3-Jul 4 rally is at
3434.38. Resistance for today is 3531.47, the high of Jul 8. A move above this
level is required to reinstate a bullish theme and open 3549.26, the trend high.

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