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Resuming Downtrend Failure to take...>

EURO-YEN TECHS
EURO-YEN TECHS: Resuming Downtrend
Failure to take out the 200-dma last week has seen the recent downtrend resume,
bringing the 128 level into view. A break would see bears regain control
targeting the 76.4% retracement at 127.46, ahead of the Oct 26 low at 126.64.
Bulls initially need to recover the 100-dma at 129.53 to change the short-term
outlook. A successful close above 130.14 would confirm the broader bullish
trend, targeting the Oct 10 high & 61.8% retracement of 133.13-126.64 at
130.50/65.

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