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Fourth Consecutive Failure To........>

EURO-YEN TECHS
EURO-YEN TECHS: Fourth Consecutive Failure To Break 133
The 133 level is growing in importance following the failure of bulls to hold
above this level on a closing basis over the past four sessions. The lack of
downside follow through keeps the focus on this level, above which opens the Apr
24 high at 133.49, ahead of the 76.4% retracement of the 2018 range at 134.53.
Bears need a break back below 132.00 to allow them to target the 200-dma at
131.06 before challenging the 130.00 area. A close below shifts the outlook back
to neutral and targets a return to 128.00.

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