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Retracement Extends Through 122.00...>

EURO-YEN TECHS
EURO-YEN TECHS: Retracement Extends Through 122.00
The corrective pullback off Tuesday's high extends through 122 to keep the
recent downtrend intact. A close below the 50% retracement of the June range at
121.98 would trigger renewed bearish signals. The 61.8% level comes in behind at
121.70, while any move back under the triangle top returns the focus to the Jun
6 low at 121.26. Bulls need to clear 123.00 & the Jun 11 high to reignite the
uptrend, opening a run at the 1.0% 10-dma envelope & May 22 high at 123.43/51.

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