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EUR/USD touched a post 1600GMT fix......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: EUR/USD touched a post 1600GMT fix low of $1.1325 Monday, off an
early NY high of $1.1359, only to edge back to $1.1343 ahead of the close. Early
consolidation in Asia between $1.1334/38 before rate gained a lift to $1.1349.
Rally seen on the back of a press react cable move, though EUR/USD gains
countered by EUR/GBP slippage. Rate settled back around $1.1345 ahead of Europe.
Resistance now seen into $1.1350 with stronger interest noted from $1.1359(Mar18
high, Trend line off Jan31) with interest extending to $1.1367, the area
covering the 50-dma at $1.1360, 55-dma at $1.1364 and the 100-dma at $1.1367.
Support $1.1335/25, stronger into $1.1300. This latter level holds the strike of
an expiring option at today's NY cut, E1.18bn. 
- Germany ZEW at 1000GMT provides domestic interest (market median Current
Situation 13.0, Expectations -11). 
- US Factory Orders at 1400GMT.  
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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