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EURO-YEN TECHS: 200-DMA Proving Pivotal
The cross failed to hold support ahead of the 200-dma, prompting bears to eye a
close below 130.98 before targeting channel base support at 130.76 and the
100-dma at 129.37. Bulls need a close above 132.00 to return upside focus,
before targeting 133.00, a level which is growing in importance having failed to
hold at a closing basis in recent sessions.