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Early challenge on Tuesday's high of....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Early challenge on Tuesday's high of $1.1450 fails in opening
European trade with sellers emerging to drop rate back to retest the earlier
Asian base of $1.1428. Rate currently trades around $1.1436. Support therefore
confirmed at $1.1428, a break to expose Tuesday's post 1600GMT fix low of
$1.1420 ahead of Tuesday's base of $1.1411. A break and clear of $1.1450 to
expose $1.1463(61.8% 1.1570-1.1290) ahead of stronger resistance area between
$1.1490/1.1500. 
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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