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May 9 Lows Hold Allowing Some........>

EURO-YEN TECHS
EURO-YEN TECHS: May 9 Lows Hold Allowing Some Uplift
Despite losing its grip on the 123 level yesterday amid heavy risk off flows in
equity markets, the May 9 low and channel base at 122.49/34 held firm and a
recovery in risk appetite has allowed bulls to recover 123. A close above here
would be positive opening the 123.60/70 area. A close below 123 would return the
focus to the downside while a break below the May 9 low would opens a run at the
61.8% retracement of the 2019 range at 122.07, ahead of the psychological 122.00
level. 

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