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Broader Downtrend At Risk............>

EURO-YEN TECHS
EURO-YEN TECHS: Broader Downtrend At Risk
Yesterday made it six consecutive gains for the pair, keeping the focus firmly
to the upside. With neither the 50- or 100-dmas providing much in the way of
resistance, bulls will be confident heading into the 200-dma at 131.33.
Consolidation above the 130 level initially targets long-term downtrend
resistance off Feb highs at 130.40. On the downside, bears need a close below
the 128.50/55 area to extend the corrective pullback to the 21-dma at 128.09.

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