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EURO-YEN TECHS: Downtrend Hits Pause
Initial price action Monday saw spot touch 125.15, making no meaningful attempt
on the May lows of 124.99/124.62, despite over-riding risk aversion. A break
below here would open a move toward the Jun 2017 lows at 123.85 ahead of the
long-term 50% retracement level at 123.54. Bulls need a recovery above 126.82 to
improve the near-term outlook.