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Momentum Building Today's break......>

EURO-YEN TECHS
EURO-YEN TECHS: Momentum Building
Today's break above 127.00 has given bulls the short-term advantage and
strengthened the case for a further recovery. Bulls need to clear the 50%
retracement level at 1.2719 to target the 128.50-129.00 range. On the downside,
failure to hold 126.50 would return the focus to 125.58, and a break below here
would give bears the ST advantage and put the focus squarely at the 125.29 Aug
16 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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