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Pressure Remains On 55-DMA * The.....>

EURO-YEN TECHS
EURO-YEN TECHS: Pressure Remains On 55-DMA
* The pair failed to gain traction above the 55-WMA (Y131.54) last week.
* Bulls continue to look for a close above the 200-DMA to confirm a break of the
55-WMA and target Y133.48-135.58 where the LT TL off 2014 highs is noted. 
* The break of Y129.83 has so far lacked follow through with bears now needing a
close below the 55-DMA to shift immediate focus back to Y128.40. 
* Bulls now need a close above Y130.46 to gain breathing room and above Y131.20
to shift focus back to the 200-DMA.
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