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Free AccessEUR/USD trades virtually unchanged on...>
EURO-DOLLAR: EUR/USD trades virtually unchanged on the day, last $1.1345, after
hitting a low of $1.1309 during the flash crash. EUR was hampered Wednesday on
the news that the Italian bank, Banca Carige, has seen the resignation of the
majority of the company's board following a failed plan to raise more capital
with the ECB, leading to the appointment of temporary administrators. The final
EZ Dec m'fing PMI print also confirmed the slowdown in the sector.
- Support noted into $1.1300, with any break opening up channel base Nov20/Nov28
low at $1.1272/67. While the 50-, 55- & 21-DMAs provide a cluster of resistance
at $1.1369, $1.1376 & $1.1382 respectively.
- Final EZ services PMI data will hit Friday, as well as flash EZ CPI data.
To read the full story
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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.