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EURUSD further accelerates the..........>

EURO-DOLLAR
EURO-DOLLAR: EURUSD further accelerates the downtrend to post US Retail Sales
lows of $1.1232. This brings the 50% retracement of the May-Jun rally into view
at $1.1228, the 50-dma & May 27 high is placed behind at $1.1221/15, ahead of
the Jun 6 low & 61.8% retracement at $1.1203/1.1199. Reminder of the large
E1.02bn expiry at $1.1250-65 for today's NY cut. 

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