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Earlier break above $1.1305, the rate...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Earlier break above $1.1305, the rate extending its recovery to
$1.1315 into the 1600GMT fix before momentum faded. Rate eased to $1.1300,
currently trades around $1.1305. Resistance now at that mentioned high of
$1.1315, with further interest expected between $1.1320/30(area covering the
Mar07-06 highs of $1.1320-25 and the 61.8% retrace of the move down from $1.1420
to $1.1177 at $1.1327. 200-wma comes through at $1.1321). Above exposes $1.1350.
Support $1.1300/1.1290 ahead of intraday low of $1.1277.  
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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