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$1.1810 gives way as rate extends.......>

MNI (London)
EURO-DOLLAR: $1.1810 gives way as rate extends lows to $1.1807, clearing
reported demand interest in the $1.1810/09 area. No major follow through seen so
far though rate holds heavy at writing. Expect further support into $1.1800,
with earlier activity in the $1.1810/11 area suggesting barrier interest close
by. The earlier break of the Aug31 low at $1.1823 seen technically opening
potential for a deeper move toward $1.1775/65. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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