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EURO-YEN TECHS: Searching For Direction
Bulls failed to hold the break above 129.00 yesterday which keeps the outlook
neutral. Bulls need a close above 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. 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.