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100-DMA In View The euro's sharp.....>

EURO-YEN TECHS
EURO-YEN TECHS: 100-DMA In View
The euro's sharp retracement last week saw EURJPY lose its grip on the 126
level. Bears now look to mount a challenge of the 100-dma at 125.68, with a
close below here needed to extend the downtrend toward 125.00 & the Apr 10 low
at 124.78. Bulls need to recover the 126 handle before challenging Thursday's
high at 126.81. A break here opens a run at the 127 level, ahead of the Mar 1
high & 200-dma at 127.50/53.

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