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Weak EZ PMIs Knock Sentiment Weak....>

EURO-YEN TECHS
EURO-YEN TECHS: Weak EZ PMIs Knock Sentiment
Weak EZ PMI readings knocked sentiment through Europe. EURJPY extended its
corrective pullback to 125.69, before basing around 100-dma support. A weekly
close below negates the recent upside break, opening the 21-dma & 50%
retracement level at 125.31/24. Bulls need to consolidate above 126, before
challenging yesterday's high at 126.81. A break here opens a run at the 127
level, ahead of the Mar 1 high & 200-dma at 127.50/59.

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