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Edges back to $1.2222, after rate.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Edges back to $1.2222, after rate squeezed down to retest Monday's
hourly low at $1.2202. Market seen awaiting the return of NY markets following
yesterday's MLK holiday. Empire State data due at 1330GMT, expected to provide
added interest as seen as first sentiment data since approval of US tax cuts.
Market median 19.0 vs last 18.0. Support remains between $1.2202 through to
Monday's low of $1.2188. Main topside resistance noted into $1.2300 with recent
stall at $1.2297 prompting suggestions level holds barrier interest.   
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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