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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: 121.48 2.0% Upper Bollinger Band
*RES 1: 121.40 High Feb 20
*PRICE: 121.33 @ 17:05 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 and markets look to close above Friday. This sees bulls establish
a base around the 121 mark, which opens 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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