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Downside Momentum Building...........>

EURO-YEN TECHS
EURO-YEN TECHS: Downside Momentum Building
EURJPY's close below 128.00 yesterday keeps the pressure on the downside as the
124.91 Aug 15 low becomes the next downside target. The 38.2% retracement from
2012 lows to 2014 highs at 128.52 is now acting as resistance. For bulls to
regain control, this level needs to be recovered before the 100-dma at 129.49 is
challenged.

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