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50-dma Key The 50-dma at 129.15......>

EURO-YEN TECHS
EURO-YEN TECHS: 50-dma Key
The 50-dma at 129.15 capped topside gains and with last week's lower high
suggesting further losses, EURJPY drifted below the 128.50 area. The 21-dma acts
as near-term support at 128.10, bears need to break 127.00 to confirm the trend
before making any attempt at the August lows of 124.91. A close above the
100-dma at 129.46 and break back through 130.00 would see bulls reclaim the
upper hand, focusing on the key 200-dma at 131.27, ahead of the July 17 high at
131.99.

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