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Continues to meet decent support in.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Continues to meet decent support in the $1.1325/20 area, the rate
having touched a low earlier in late Asia of $1.1321, recovered to $1.1363 in
opening European trade only to fall back to $1.1322. Recovery into NY on release
of disappointing US Durable Goods, PMI Mfg and Home Sales data, which edged rate
on to a high of $1.1366. However, failure to build saw rate once again turn
lower, easing to a post 1600GMT fix low of $1.1323.
- Support $1.1325/15 ahead of $1.1300. Resistance $1.1366/71 ahead of
$1.1390/1.1400. 
- German IFO and various Fed speakers Friday in focus.  
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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