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Recovery Gaining Traction Today's...>

EURO-YEN TECHS
EURO-YEN TECHS: Recovery Gaining Traction 
Today's break above 126.50 has giving bulls the short-term advantage and
strengthened the case for a further recovery. Bulls now need a break above last
week's high at 126.99 to target the 128.50-129.00 range. On the downside,
failure to hold 126.50 would return the focus to 125.58, and a break below here
would give bears the ST advantage and put the focus squarely at the 125.29 Aug
16 low.

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