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Has 126 Proved A Step Too Far?.......>

EURO-YEN TECHS
EURO-YEN TECHS: Has 126 Proved A Step Too Far?
Failure to clear the 126 level yesterday witnessed a steady retracement back
through 125.50. Bears need a close back under 125 to shift the outlook neutral,
while a close back under 124 would return the focus to the Jan 15 low at 123.40.
Topside focus remains on the 50-dma & ytd high at 126.12/14, above here opens
down trendline resistance off the Sep highs at 126.54, ahead of the Dec 27 high
at 127.10.

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