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EURUSD remains in consolidation mode....>

EURO-DOLLAR: EURUSD remains in consolidation mode following the earlier upbeat
remarks from ECB President Draghi. Having confirmed a bullish breakout last week
(See MNI Analysis email July 6 1607BST), the rate improved to $1.1791 before
fading. A break and hold above $1.1800 is required to challenge the $1.1850/55
area which represents the 38.2% retracement of $1.2414-1.1509. EURUSD last

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