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129.45-60 Key Area Despite failing...>

EURO-YEN TECHS
EURO-YEN TECHS: 129.45-60 Key Area
Despite failing to close above 1.29 last week, the break of down trendline
resistance from the Sep high keeps the near-term focus to the upside. Bulls need
to overcome the 100-dma, 38.2% fibo of 2018 range & long-term pivotal resistance
in the 129.45-60 area to regain control. Above here opens the 55-dma at 129.82,
ahead of the 130.00 level. Bears need a close below 127.00 to reignite downside
momentum, turning attention towards Oct 26 low at 126.64, ahead of the Aug 15
low at 124.91.

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