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EUR/USD continued its descent in........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD continued its descent in early NY trading on Monday to
briefly make a show under $1.1600, before staging a modest recovery and popping
late on as Germany's CDU & CSU parties came to an agreement re: migrants,
peaking at $1.1648, last $1.1640.
- The SPD Party has said that it is going to examine the CDU-CSU agreement, but
initially welcomed the "truce."
- Initial support is located at $1.1575 (Hourly resistance June 29 now support)
while resistance is seen at $1.1697 (Hourly resistance July 2).
- EZ PPI & retail sales will hit on Tuesday, with ECB's Praet also set to speak.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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