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Demand around $1.1700 has eventually....>

EURO-DOLLAR
EURO-DOLLAR: Demand around $1.1700 has eventually been absorbed to see the Euro
drop to a fresh cycle low of $1.1686. Traders say, the dollar has made decent
gains this session against the Aussie and the Pound, it was only a matter of
time before Euro followed. They add, large option strikes at $1.1650-55(E1.14bn)
and $1.1665(E897mn), should provide some support. Demand was reported earlier at
$1.1680 which fits in nicely with technical support seen at $1.1679 (23.6% fib
$1.0341-$1.2092). Euro-dollar was last at $1.1690

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