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Trend Of Lower Highs Intact..........>

EURO-YEN TECHS
EURO-YEN TECHS: Trend Of Lower Highs Intact
EURJPY's failure to hold yesterday's gains keeps the broader picture bearish as
lower highs remain intact, even as the ST outlook is neutral above 126.
Consolidation above 127.00 will be needed to shift the focus higher, a break
above 128.00 would re-establish the uptrend, before making any attempts on the
100-dma, currently at 129.80. Bears will look to break the May lows at
124.99/124.62, ahead of the Jun 2017 lows at 123.85 and long-term 50%
retracement level at 123.54.

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