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Caught Between DMAs Having lost......>

EURO-YEN TECHS
EURO-YEN TECHS: Caught Between DMAs
Having lost its grip on the 200-dma, EUR/JPY found support at the Y129.36
100-dma Tuesday, which held throughout the session. The short-term outlook has
turned bearish and a close below the 50- and 100-dmas would open the Sep 10 low
of 127.97. Bulls need to break back above 132.00 to return upside focus, before
targeting 133.00, a level which is growing in importance having failed to hold
at a closing basis in recent sessions.

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