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Downtrend Continues The 38.2%........>

EURO-YEN TECHS
EURO-YEN TECHS: Downtrend Continues
The 38.2% retracement from 2012 lows to 2014 highs at 128.52 has been breached
with the Sep 10 low of 127.87 likely to act as near-term support. A break of
this level opens the Aug lows below 126. For bulls to regain control, the 129.00
level needs to be recovered. A break above Monday's spike high of 130.20 to set
up a run at the double-top resistance area & 200-dma at 130.50/59.

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