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200-dma Key Resistance As China......>

EURO-YEN TECHS
EURO-YEN TECHS: 200-dma Key Resistance
As China headlines continue to dominate risk, bulls look for a close above the
200-dma at 131.10 to change the short-term outlook. Above here resumes the
broader uptrend, opening the July 17 high at 131.99, ahead of the April highs at
133.49. Bears need to break 130.00, a close below here would shift the outlook
back to neutral and target 128.00 to return focus to the August lows of 124.91.

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