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Support Found At 100-DMA.............>

EURO-YEN TECHS
EURO-YEN TECHS: Support Found At 100-DMA
Yesterday's weakness was halted on hitting the 100-dma at 129.36, allowing price
action to reverse and EUR/JPY to close above both the 100- as well as the
50-dma. A move back above the 130.23 Tuesday high would allow bulls to target
132 in an attempt to reignite the bullish trend. For now though, the bigger
picture remains bearish and a close below the 100-dma would open the Sep 10 low
of 127.97.

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