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Risk-off Flows Dominate Risk-off.....>

EURO-YEN TECHS
EURO-YEN TECHS: Risk-off Flows Dominate
Risk-off flows dominate pricing action in Europe. Failure to hold 129.00
yesterday has seen the retracement further extend through 128.00. Bears need a
close below 127.50 to regain control, targeting the Oct 26 low at 126.64, ahead
of the Aug 15 low at 124.91. Bulls need to recover the 200-dma at 130.04 to
shift the short-term outlook, opening the Oct 10 high & 61.8% retracement level
of 133.13-126.64 at 130.50/65.

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