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Impulsive Rally Holding For Now......>

EURO-YEN TECHS
EURO-YEN TECHS: Impulsive Rally Holding For Now
*RES 4: 122.10 2.0% 10-dma envelope
*RES 3: 121.83 76.4% Jan - Feb Decline
*RES 2: 121.40 High Feb 20
*RES 1: 121.02 50-dma
*PRICE: 120.75 @ 05:06 GMT Feb 21
*SUP 1: 118.47 Low Feb 18
*SUP 2: 118.01 3.0% Lower Bollinger Band
*SUP 3: 118.06 1.00 projection of the Jan 16 - Jan 30 decline from Feb 5 high
*SUP 4: 117.32 2.0% 10-dma envelope
Bulls remain firmly in control. The 50-dma resistance gave way on an intraday
basis Thursday. A close above here is needed to establish a base at current
levels, which would open a recovery toward the year's highs at 122.87. The 2020
sequence of lower lows now looks all but over, with the outlook now firmly
bullish. 120.67 is initial support on any pullback.

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