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EUR/USD last $1.1433, after the.........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last $1.1433, after the second half of yesterday's trade
saw the pair wipe out its initial gains after the rate briefly tested $1.1500.
Sources have pointed to Japanese demand for EUR/USD thus far in Asia trade. 
- Yesterday's Asia-Pac dealing was dominated by the fallout from U.S. Midterm
election results. The rate peaked on the back of reports that Italy's government
won a confidence vote, before fading at the aforementioned high, with some
pointing to option related pressure (some EUR6.4bn worth of EUR/USD $1.1500
options are set to roll off at today's 10AM NY cut). The move back from highs
limited USD losses elsewhere. 
- Initial bullish focus falls on the 21-DMA at $1.1448, a break above would open
up yesterday's highs & the Sep 10 low/resistance at $1.1526. On the downside,
bears target yesterday's low/Nov 6 low at $1.1395/92 before challenging the Nov
5 lows of $1.1354. 
- ECB speak dominates today, with Pres Draghi, Villeroy & Coeure all due to
speak.

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