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EURO-YEN TECHS: Bouncing Off Support
Taking the lead from USD/JPY, the cross recovered off Monday's low of 128.50,
putting test of the 128.30 downtrend support on the backburner. Bears need a
break below here to re-establish the broader downtrend with 127.15 the initial
target. A recovery above the week's 129.46 highs would give confidence for those
looking to target the 130.08 100-dma.