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200-DMA The Key To More Upside.......>

EURO-YEN TECHS
EURO-YEN TECHS: 200-DMA The Key To More Upside
EURJPY has continued its short-term uptrend but has failed to break above the
200-dma at 130.21 today. A close above would confirm the broader bullish trend
remains intact, targeting the Oct 10 high & 61.8% retracement of 133.13-126.64
at 130.50/65. Bears need a close below the 100-dma at 129.52 to return the focus
back to neutral, while a break back below 127.00 is needed to reignite downside
momentum.

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