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Holding Mid-range Failure to hold....>

EURO-YEN TECHS
EURO-YEN TECHS: Holding Mid-range
Failure to hold above 133.00 and the subsequent reversal back under 132.00 has
seen bulls lose control. Bears need a close under 132.00, targeting the 200-dma
at 131.06 before challenging 130.00. A close below shifts the outlook back to
neutral and targets a return to the 128.00 area. Bulls need to comfortably hold
above 132.00 to regain the upper hand, before targeting 133.00, a level which is
growing in importance having failed to hold at a closing basis over the past
four sessions. The Apr 24 high at 133.49 provides next resistance, ahead of the
76.4% retracement of the 2018 range at 134.53.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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