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Eur/Usd: Asia open $1.1850, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1850, range $1.1837-59. Europe open $1.1852,
range $1.1837-75. 
* Dovish FOMC Minutes Wednesday added to Fed Yellen comments Tuesday which kept
pressure on the Usd through Thursday trade. 
* US Thanksgiving holiday made for thin markets but upside progress seen steady
as it rallied to $1.1856. 
* Early dip to $1.1837 in Asia was quickly corrected and rate advanced on to
$1.1859.
* Failure to challenge resistance at $1.1860 prompted a corrective pullback into
Europe as rate revisited $1.1837. 
* Rate bounced on German political situation/position adjustment ahead of
Germany Ifo release, signals were for a strong data.
* Rate broke to $1.1865 pre data and edged on to $1.1875 as strong data
confirmed. 
* However, hourly RSI divergence, along with profit take sales, countered
further upside progress.
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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