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Comfortably Below 130.00 Bullish.....>

EURO-YEN TECHS
EURO-YEN TECHS: Comfortably Below 130.00
Bullish Exhaustion ahead of the Aug 1 high and subsequent correction back under
130.00 has seen a lower high establish. Bears need a close below the 100-dma at
129.54 to confirm the downtrend and challenge the 21-dma at 128.11. A close
above 130.00 would see bulls reclaim the upper hand, focusing on the key 200-dma
at 131.31, ahead of the July 17 high at 131.99.

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