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Reversal firms: *RES 4: 119.66.......>

EURO-YEN TECHS
EURO-YEN TECHS: Reversal firms:
*RES 4: 119.66 2.0% 10-dma envelope
*RES 3: 119.64 50-dma
*RES 2: 119.59 High Aug 13
*RES 1: 118.61 Intraday High
*PRICE: 118.18 @ 15:46 GMT Sep 5
*SUP 1: 116.13/115.87 Low Sep 4 / Low Sep 3
*SUP 2: 115.02 1.382 projection of Apr 17 - Jun 3 decline from Jul 1 high
*SUP 3: 115.00 Psychological support
*SUP 4: 114.85/97 Low Apr 2017/2.0% 10-dma envelope
The cross extended the week's reversal Thursday, firming the upside argument. In
terms of some initial positive signs for bulls, yesterday's candle pattern is
bullish engulfing. This is potentially important given that bullish divergence
between price and momentum is developing. The bear trigger remains, however, at
115.87, a break would open the 115.02 Fibonacci projection and the Apr 2017 low
114.85.

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