The recovery from ahead of the key 3124.6-3129.1 support region appears to be struggling at layers of resistance noted 3205.9-3239.8 with Stoxx50 marginally trading into this region before pulling back into the close. Bulls now look for a close above the 3239.8 July 8 high to confirm an end to bearish hopes and shift overall focus back to the 2014 high. Bears need a close below the 200-DMA to reconfirm bearish pressure.
RES 4: 3236.3 Falling daily trend line June/July highs
RES 3: 3228.6 55-DMA
RES 2: 3211.5 Monthly low June 30 now resistance
RES 1: 3205.9 21-DMA
PREVIOUS CLOSE: 3193.0
SUP 1: 3129.1 Monthly Low May 7
SUP 2: 3124.6 200-DMA
SUP 3: 3106.7 61.8% Fibonacci 2971.5-3325.5
SUP 4: 3083.4 Monthly Low Apr 14