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200-DMA Proves A Step Too Far........>

EURO-YEN TECHS
EURO-YEN TECHS: 200-DMA Proves A Step Too Far
EURJPY failed to break above the 200-dma at 130.17 yesterday which allowed bears
to send the pair back below the 100-dma at 129.53. To reignite bearish momentum
we would need to see a close below the 100-dma, which would open the 127.00. A
successful close above 130.17 would confirm the broader bullish trend, targeting
the Oct 10 high & 61.8% retracement of 133.13-126.64 at 130.50/65. 

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