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Downtrend Extends Through 122.00.....>

EURO-YEN TECHS
EURO-YEN TECHS: Downtrend Extends Through 122.00
The corrective pullback off Tuesday's high extended through 122 to keep the
recent downtrend intact. A close below the 50% retracement of the June range at
121.98 would trigger renewed bearish signals. Any move back under the triangle
top returns the focus to the Jun 6 low at 121.26. Bulls need to clear 123.00 &
the Jun 11 high to reignite the uptrend, opening a run at the 1.0% 10-dma
envelope & May 22 high at 123.43/51.

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