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Breaks Symmetrical Triangle to The...>

EURO-YEN TECHS
EURO-YEN TECHS: Breaks Symmetrical Triangle to The Downside
EURJPY breached and closed below the lower line of the symmetrical triangle
pattern yesterday, suggesting a correction is underway. Bears need a break of
uptrend support off the Aug lows at 127.47 to build on recent momentum, opening
the Oct 26 low at 126.64. Bulls initially need a close back above 129, targeting
the 100-dma at 129.31, ahead of the cloud top at 129.70.

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