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Close Above 100-dma Could Reignite...>

EURO-YEN TECHS
EURO-YEN TECHS: Close Above 100-dma Could Reignite Momentum
Intraday vols continue to inch lower, with EUR/JPY trading either side of the
100-dma for a fifth session. Nonetheless, the cross looks on course to close
above the mark (which currently kicks in at 126.48) which could help reignite
the upside argument. Above here brings the Mar 5 high at 126.94 & the 127.00
level back into play. To regain the advantage bears need a close back below 126
to bring the 50-dma at 125.28 into play before focusing on the Feb 15 low &
38.2% retracement level 124.23/14.

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