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EURO-YEN TECHS

The cross remains above yesterday's low of 124.43. This is just below the 124.44 low print on Aug 21.

  • A break of this key 124.43 support area is required to signal scope for a deeper pullback.
  • The move would open 124.22, the 50-day EMA and an erosion of the average would expose 123.19, the 50.0% retrace of the Jun 22 - Sep 1 rally.
  • Initial resistance is at 126.02, Sep 3 high. Key resistance is 127.08, Sep 1 high.

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