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EURO-YEN TECHS: Close Above 50-DMA Key
Renewed risk appetite underpinned, before topping out ahead of 125.50. Bulls
need a close above the 50-dma at 125.36 to regain the upper hand, targeting a
topside break of the Feb 4 high at 125.95. Bears need to clear 125.00 to put the
focus back on the Feb 15 low at 124.23. Below 124.00 opens a deeper correction
toward the Jan 24 low & channel base support at 123.79/54.