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Multi-month Lows Failure to..........>

EURO-YEN TECHS
EURO-YEN TECHS: Multi-month Lows
Failure to recover the 123.00 handle saw the subsequent retracement extend to
122.34, its lowest levels since the Jan 3 flash crash. This brings the 61.8%
retracement of the 2019 range & channel base support into view at 122.07/04.
Further support is located at 121.95 from the 50% retracement of the 2012 low -
2014 high & hourly low Jan 3. Bulls need to recover the 123.60/70 area to
reignite upside momentum, a break here opens a run at the 124 level & double-top
resistance area at 124.25/30.

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