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Bulls Eye YTD Highs Friday's.........>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Eye YTD Highs
Friday's weekly close above 125 improved the short-term outlook with risk
appetite spilling over into Europe/US trade on Monday. Bulls now look to the
50-dma & YTD high at 126.13/14, ahead of the Dec 27 high at 127.10. Bears need a
close back under 125 to shift the outlook neutral, while a close back under 124
would return the focus to the Jan 15 low at 123.40.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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