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Corrective pullback from the early......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Corrective pullback from the early Asia posted high of $1.1965
extended to $1.1917 into Europe, with rate currently trading around $1.1932.
Support seen between $1.1917-10, one Asian trader noting demand interest below
$1.1920 from quant and macro names, with further support seen into $1.1900.
Resistance remains at that Asian high of $1.1965, with sell interest suggested
into $1.1970. Break to expose $1.2000 though a large option barrier here
expected to draw protective sales ahead. Another barrier seen in place at
$1.2050. 
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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