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EUR/USD recovered to a high of..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: EUR/USD recovered to a high of $1.1026 ahead of Tuesday's close of
$1.1022. Rate continued corrective pullback through a generally slow Asian
session, touched $1.1008, just shy of Tuesday's low of $1.1007. Rate met up
demand into Europe, currently trading around $1.1013. Market awaiting
developments in US/China trade talks, Trump made positive noises last night but
nothing definite has so far hit the screens. Thursday's Thanksgiving holiday
approaching, position adjustments ahead of the holiday and Friday's month-end
seen driving. On this latter note, early model forecasts have suggested USD
sales to be seen, with Friday's fix likely to come in thin conditions which
could boost volatility. French Consumer Sentiment at 0745GMT and Italian
Business and Consumer confidence indexes at 0900GMT provide EZ data interest.
ECB Lane due to speak at 0930GMT. US Weekly Jobless Claims, Durable Goods and US
GDP the attention at 1330GMT. Chicago PMI at 1445GMT. 
- Support $1.1010/00, $1.0989, $1.0950. Resistance $1.1025-35. 
- Option expiries $1.0985-1.1000(E2.43bln), $1.1035-50(E1.8bln),
$1.1115-35(E3.73bln), $1.1150-60(E1.69bln) 
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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