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Impressive Rally *RES 4: 121.15......>

EURO-YEN TECHS: Impressive Rally
*RES 4: 121.15 High May 5
*RES 3: 120.82 High Feb 7
*RES 2: 120.30 High Feb 12 and key near-term resistance
*RES 1: 120.13 High Feb 13
*PRICE: 119.99 @ 16:58 GMT Feb 19
*SUP 1: 118.47 Low Feb 18
*SUP 2: 118.06 1.00 projection of the Jan 16 - Jan 30 decline from Feb 5 high
*SUP 3: 117.81 3.0% Lower Bollinger Band
*SUP 4: 117.09 2.0% 10-dma envelope
The cross added to the early Wednesday gains on an impressive pullback in the
JPY, running counter to the recent downtrend in the cross. Should this price
action hold, this could snap the 2020 pattern of lower lows and raise the risk
of a recovery to 120.13. Key near-term resistance has been defined at 120.30,
Feb 12 high.

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