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EUR/USD ticked up in the early part.....>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD ticked up in the early part of the Asia-Pac session on the
back of positive Brexit headlines, which have weighed broadly on the USD, and
trades at $1.1330 at writing.
- The pair declined on Wednesday, briefly touching the year's $1.1301 lows, as
the greenback strengthened on the back of SOMA day flows (where Fed drain
liquidity)/month-end fixing & outperforming equities, which sent the DXY to
fresh multi-month highs, before Brexit based headlines provided some support.
- Bulls look to retake yesterday's highs of $1.1360 before challenging the
psychologically significant $1.1400 level to change the short-term outlook.
Bears seek to break below yesterday's multi-month low/Aug low at $1.1301 before
testing the Jun 14 channel base at $1.1274.
- The European docket for the rest of the week is rather thin. Focus falls on
further headlines re: Brexit negotiations & final EZ PMI data 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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