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Resistance Is Futile The cross is....>

EURO-YEN TECHS
EURO-YEN TECHS: Resistance Is Futile
The cross is on track for its sixth session of closing near the session highs,
cementing the bullish trend of the past fortnight. With neither the 50- or
100-dmas providing much in the way of resistance, bulls will be confident
heading into the 200-dma at 131.34. Consolidation above the 130 level initially
targets long-term downtrend resistance off Feb highs at 130.40. On the downside,
bears need a close below the 128.50/55 area to extend the corrective pullback to
the 21-dma at 128.13.

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