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Eur/Usd: Dec7 NY range.................>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Dec7 NY range $1.1773-1.1815. Asia open $1.1773, range
$1.1761-1.1777.
* Reports in late NY that Trump Administration is readying an infrastructure
plan for release by Jan30 boosted Usd.
* Usd demand pressed Eur/Usd down to challenge tech support at $1.1772 which
held on this initial challenge. 
* Fresh Usd demand in Asia, along with Eur/Gbp sales linked to Brexit
developments, pressed rate down to $1.1761.
* Recovery effort managed to get rate back to $1.1768 ahead of Europe but so far
holds below broken $1.1772. 
* Reports of demand in place from the low $1.1770's through to $1.1760.
Resistance $1.1780 ahead of $1.1805/15. 
* Expect further fallout from the suggested infrastructure plans in the US. 
* Main focus on US Employment Report, NFP median 195k, AHE 0.3%mm.  
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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