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EURO-DOLLAR
MNI (London)
EURO-DOLLAR: A paring back of recent risk on positions, as market took stock of
US-China tensions, allowed EUR/USD to extend its corrective pullback away from
Thursday's high of $1.1008, but finding a base at the $1.0885(50-dma) level as
markets quieten down ahead of the long weekends in the US and UK. Support now
seen into $1.0885/80 ahead of $1.0864(61.8% $1.0775-1.1008) and $1.0830(76.4%).
Resistance $1.0920 ahead of $1.0937 then $1.0970. Stronger resistance remains in
the area between $1.1000/20. 
- Monday brings Germany GDP as well as Germany Ifo. 
- Weekend news to be watched for any further developments in US-China tensions
to determine risk outlook. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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