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Early European demand allows rate to....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Early European demand allows rate to further extend its recovery
off early Asian lows of $1.1769 to $1.1801 before momentum faded. Resistance
seen in the area of $1.1800/05($1.1804 hourly high Nov15, 38.2% $1.1861-1.1769).
Break here to expose hourly resistance between $1.1835/45 ahead of Wednesday's
high of $1.1861.
*Options: Traders note the large option expiry interest at $1.1815-25(E4.8bn).
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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