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Failed Test of 200-DMA After a.......>

EURO-YEN TECHS
EURO-YEN TECHS: Failed Test of 200-DMA
After a failed test of the 200-dma at 130.17 on both Wednesday and Thursday,
EURJPY came under pressure Friday to fall back below the 100-dma at 129.52. A
close below the dma is needed to reignite bearish momentum, opening the
potential of a move toward 127.00. A successful close above 130.17 would confirm
the broader bullish trend, targeting the Oct 10 high & 61.8% retracement of
133.13-126.64 at 130.50/65.

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