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EURO-YEN TECHS: Edges To New Range Highs
EURJPY finally showed above the Feb 20 & Feb 4 highs at 125.94/95, opening the
door for further gains. A close above 126 would reignite upside momentum putting
focus back on the ytd high at 126.14, ahead of a potential return toward the 128
level. On the downside bears now look for a close below the 50-dma at 125.14, to
open the Feb 15 low at 124.23.