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Further Declines Likely The..........>

EURO-YEN TECHS
EURO-YEN TECHS: Further Declines Likely
The failure to sustain 129.00 and the 50-dma keeps the focus on the downside
with las week's lower high suggesting further losses with the 21-dma at 128.09
the next downside target. A close above the 100-dma at 129.46 and break back
through 130.00 would see bulls reclaim the upper hand, focusing on the key
200-dma at 131.27, ahead of the July 17 high at 131.99. 

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