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EURUSD moved to session highs of........>

EURO-DOLLAR
EURO-DOLLAR: EURUSD moved to session highs of 1.1978 in Asian hours, but the
pair has faded to sit virtually unchanged at 1.1963 last. - Today's EZ docket is
relatively limited with comments from ECB's Praet the only standout, so Fedspeak
will likely form the key point of interest for EUR traders.
- Resistance above 1.2000 comes in at the May 03 high (1.2009), with offers then
layered in upto the 200-DMA (1.2019). Notable support comes in the form of the
YtD low (1.1911).
- It is also worth noting that there is some EUR987mln worth of 1.2000 FX option
expiries set to roll off at today's 10AM NY cut.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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