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100-dma Holds The Key Having.........>

EURO-YEN TECHS
EURO-YEN TECHS: 100-dma Holds The Key
Having closed above the 100-dma at 129.40 yesterday, bulls remain in charge with
the technical picture looking more positive. A break of 130.00 is needed to
build on recent momentum, above here puts focus back on the Aug 30 high of
130.87 ahead of the 200-dma at 131.24 and the July 17 high at 131.99. The 21-dma
acts as near-term support at 128.16 and bears need to break 127.00 to return the
focus to the downside and the August lows of 124.91.

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