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Stuck in The Weekly Range Despite....>

EURO-YEN TECHS
EURO-YEN TECHS: Stuck in The Weekly Range
Despite squeezing back above 124.50 yesterday, the recovery lacked momentum and
drifted back into the range. The outlook remains bearish with focus on a
downside break of 124.00, below here opens the 50% retracement level & Jan 15
low at 123.54/40. Bulls need to recover the 125 level to put the focus back on
the 50-dma at 125.32, above here opens a run at pivotal resistance & the Mar 22
high at 125.95/126.18.

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