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Free AccessEUR/USD touched a post 1600GMT fix......>
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.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.