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Breaks above $1.1860 ahead of Germany...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Breaks above $1.1860 ahead of Germany Ifo, edges on to $1.1865 and
holding firm at writing. Technical target at $1.1868(1.618% swing
$1.1809-1.1713), a break to expose next band of resistance at $1.1880/87. Tech
traders note hourly divergence which may provide a counter to any positive react
to Germany Ifo release at 0900GMT. 
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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