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100-DMA Providing Stubborn...........>

EURO-YEN TECHS
EURO-YEN TECHS: 100-DMA Providing Stubborn Resistance
EURJPY has spent the past three days trying and failing to break the 100-dma at
126.49. Bears now look for a close back below 126 to bring the 50-dma at 125.26
into play before focusing on the Feb 15 low & 38.2% retracement level 124.23/14.
Bulls need to close above the 100-dma and yesterday's high at 126.69 to bring
the Mar 5 high at 126.94 & the 127.00 level back into play.

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