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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Insufficient Recovery *RES 4:........>

EURO-YEN TECHS: Insufficient Recovery
*RES 4: 122.37 High Jan 21
*RES 3: 121.83 76.4% retracement Jan 16 - Feb 18 Decline
*RES 2: 121.40 High Feb 20 / 2.0% Upper Bollinger Band
*RES 1: 120.54 High Feb 5
*PRICE: 120.15 @ 16:58 GMT Feb 26
*SUP 1: 119.41 Low Feb 25
*SUP 2: 119.16 76.4% retracement of the Feb 18 - Feb 20 rally
*SUP 3: 118.47 Low Feb 18 and key support
*SUP 4: 117.99 3.0% Lower Bollinger Band
EURJPY traded below key support at the 119.54 mark Tuesday but did find support
at the low. The near-term outlook remains bearish following the retracement that
has unfolded off last week's high of 121.40. The next key support to watch is at
119.16, a Fibonacci retracement, ahead of the key 118.47 level, Feb 18 low. A
break of the latter would shift the outlook outright bearish. Gains above
Tuesday's high of 120.54 are required to relieve the bearish pressure.

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