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Free AccessEuro opened in Asia at $1.1808 toward...>
EURO-DOLLAR: Euro opened in Asia at $1.1808 toward the upper side of yesterday's
$1.1739 to $1.1825 range, where uncertainties over the Trump tax plan weighed on
the greenback, comments from Catalan leader Puigdemont, who proposed that
parliament suspends the declaration of independence and called for more dialogue
with Spain helped further to underpin the Euro. In the absence for any
significant economic data or scheduled events in Asia, local traders expect
consolidation ahead of the European open. Resistance lies at $1.1830, which
marks the 38.2% Fibonacci retracement on the $1.2092 to $1.1670 decline, while
hourly support is seen in the mid-$1.1790's.
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.