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EURCNH remains shy of the key 8.0........>

CHINA YUAN
CHINA YUAN: EURCNH remains shy of the key 8.0 level but is holding above support
at its 21-dma keeping the bullish trend intact.  
- The pair looks poised for a big move one way or the other as support and
resistance converge. A firm break above 8.0% would be very bullish allowing the
cross to break out into a higher trading range. A close below the 21-dma at
7.9333 would suggest a potential topping pattern. 
- As euro volatility tends to be higher, bullish break would suggest further
EURUSD upside.

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