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Effective Fed Funds Rate


(N2) Primary Trend Remains Up

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EURO-YEN TECHS: Immediate Pressure On Y131.74 Support
*RES 4: Y133.11 High Sept 29
*RES 3: Y132.88 High Oct 3
*RES 2: Y132.44 Hourly support Oct 5 now resistance
*RES 1: Y132.20 Hourly resistance Oct 6
*PRICE: Y132.06 @ 0430GMT
*SUP 1: Y131.74 Low Sept 26 
*SUP 2: Y130.86 55-DMA 
*SUP 3: Y130.59 Low Sept 15 
*SUP 4: Y130.40 200-WMA
*COMMENTARY: Pressure on the 21-DMA (Y132.39) and daily bull channel base took
its toll with a close below the 21-DMA seeing immediate pressure on the Y131.74
support. Bears need a close below to shift immediate focus to Y130.40-86 where
the 55-DMA & 200-WMA are noted. Layers of resistance accumulating are adding
weight to the bearish case. Bulls now look for a close above Y132.40 to gain
breathing room and above Y133.49 to shift focus back to Y134.25-41.

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