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Swift Fall After Rally Fails In......>

EURO-YEN TECHS
EURO-YEN TECHS: Swift Fall After Rally Fails In Y137.40-Y137.65 Target Area
*RES 4: Y136.67/69 76.4% Fibo retrace, initial low Feb 5
*RES 3: Y136.29 Hourly low Feb 5, now resistance
*RES 2: Y136.16 61.8% Fibo of Y137.50-Y133.98
*RES 1: Y135.80 Intraday high
*PRICE: Y135.22 @1050GMT
*SUP 1: Y134.85/90 Hourly support
*SUP 2: Y134.40 Intraday hourly base
*SUP 3: Y133.98/06 Intraday low, 1% volatility band
*SUP 4: Y133.05 Jan 10 low
*COMMENTARY* The recovery faltered last Friday at Y137.50, in the middle of the
next upside Y137.40-Y137.65 target area. The subsequent fall over the last two
days has been swift, losing Y134.90 support and the Jan 30 low at Y134.13 in the
process. Has been arrested so far at Y133.98, just below the 1% volatility band,
at Y134.06 today and the 76.4% Fibo retrace of the Y133.05-Y137.50 rise, at
Y134.10. Resistance Y135.80-Y136.29, more important from Y136.67-Y136.69.

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