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Back under 132.00 Failure to hold....>

EURO-YEN TECHS
EURO-YEN TECHS: Back under 132.00
Failure to hold above 133.00 and the subsequent reversal back under 132.00 has
seen bulls lose control. Bears need a close under 132.00 to allow them to target
the 200-dma at 131.06 before challenging 130.00. A close below shifts the
outlook back to neutral and targets a return to the 128.00 area. Bulls need to
comfortably hold above 132.00 to regain the upper hand, before targeting 133.00,
a level which is growing in importance having failed to hold at a closing basis
over the past four sessions. The Apr 24 high at 133.49 provides next resistance,
ahead of the 76.4% retracement of the 2018 range at 134.53.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
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