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Closing In On May 29 Lows The........>

EURO-YEN TECHS
EURO-YEN TECHS: Closing In On May 29 Lows
The downtrend in EURJPY is intensifying and the trend is not yet oversold enough
to expect a bounce. The next downside target comes in at the May 29 lows of
124.62 and the long term uptrend from the June 2016 lows. Gains are likely to
find resistance at the 127.40 level. But, Bulls need a recovery above 128.49 to
regains some near-term stability.

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