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New YTD Highs Beckon Bulls managed...>

EURO-YEN TECHS
EURO-YEN TECHS: New YTD Highs Beckon
Bulls managed to close above the 50-dma at 125.31 yesterday but failed to take
out the Feb 4 high at 125.95, which remains the focus today. A close above here
and the 126 level would reignite upside momentum putting the focus on the 128
level. On the downside bears look to retake the 50-dma to open the Feb 15 low at
124.23. Below 124.00 opens a deeper correction toward the Jan 24 low & channel
base support at 123.79/54.

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