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Neutral Outlook Bulls losing grip....>

EURO-YEN TECHS
EURO-YEN TECHS: Neutral Outlook
Bulls losing grip amid the backdrop of renewed Italian Budget concerns.
Retracement below the 200-dma and subsequent break of 131.00 has turned the
short-term outlook neutral. Bears target a break of 130.00, before turning
attention toward the 100-dma for confirmation of the downtrend. Bulls need a
close above the 200-dma and recovery through 132.00, before targeting 133.00, a
level which is growing in importance having failed to hold at a closing basis in
recent sessions.

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