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Comes under pressure as Europe closes...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Comes under pressure as Europe closes for the day, the rate having
been fairly resilient through the day to the risk off moves, bouncing between
$1,1325 but meeting decent headwind resistance on probes above $1.1400. As
Europe closed so rate reacted to the fall in US equities, dropping to a fresh
intraday low of $1.1322, currently holding heavy at writing. Support seen into
$1.1310/00 ($1.1310 61.8% $1.1241-1.1422) ahead of $1.1284(76.4%) then
$1.1241(Jun9 low).   
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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