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Despite release of stronger than........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Despite release of stronger than forecast German Factory Orders
data in early Europe the rate couldn't find the demand to retest the earlier
Asian high of $1.1889, faltered around $1.1885/87 before it dipped back to
$1.1874 post data. Rate has since settled around $1.1880. Resistance noted
between $1.1889-93(Asia high/Aug3 high), a break to expose the recent high of
$1.1910(Aug2) with talk of option linked offers placed toward next barrier
interest at $1.1925. 
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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