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EUR/USD has benefitted from the.........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD has benefitted from the broader USD weakness evident vs.
the majors in the last couple of hours or so, and last sits 55 pips higher on
the day at $1.1435, after registering a high of $1.1439.
- The rate has breached the 50-DMA/Nov 23 high area, with bulls looking for a
clean move above the 55-DMA at $1.1436 and reported resistance layered between
$1.1440 & $1.1450.
- Immediate focus falls on broader risk appetite surrounding the Huawei CFO,
although it is worth watching the German political situation after "AKK"
succeeded Merkel at the head of Germany's ruling CDU party. Elsewhere social
troubles in France & political matters in Italy provide familiar themes for
traders to watch, with French President Macron set to make an address on Monday
evening, & the Italian senate set to vote on budget matters later today.
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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