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Free AccessEuro opened in Asia at $1.1759 toward...>
EURO-DOLLAR: Euro opened in Asia at $1.1759 toward the middle of yesterday's
$1.1736 to $1.1788 range, where despite robust US data, Non-manufacturing
activity (ISM) rose to a 12-year high of 59.8, the dollar was broadly unchanged
on the day. In the absence of any significant economic data or scheduled events
in Asia, traders expect further sideways consolidation ahead of the European
open and release of ECB's September Minutes, which may offer further insight to
their QE tapering program. Resistance is located at $1.1788 (Oct4 high), while
initial hourly support is found at $1.1747.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.