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EURO-DOLLAR: As US equity markets rally following the open, the DJIA spills
above 25,000 for the first time. EUR/USD has now begun to run into resistance at
the Jan2 (and 2018) high of $1.2081 - a break above is expected to meet stiff
offers between $1.2090 and touted $1.21 barrier interest which could cap price
action for now. Final US services PMI numbers due in under five minutes are
expected broadly unrevised.