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*** General pressure on the Eur saw.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** General pressure on the Eur saw Eur/Usd pressed to a low
Tuesday of $1.1801 with traders noting decent demand again noted into the
$1.1800 level. Rate recovered to $1.1830 ahead of Tuesday's close. Rate marked a
low of $1.1816 in Asia then spiked to $1.1848, gaining added momentum on the
break above $1.1830. This $1.1830 level now seen providing support in early
Europe. German Factory Orders, released at 0700GMT, provided a minor lift from
around $1.1834 to $1.1840 but struggled to build further. Cross plays seen
providing main drive with Eur/Yen currently trading heavy (generally stronger
Jpy) and seen weighing on Eur/Usd. 
* Support $1.1830, $1.1800. Resistance $1.1850
* ECB Mersch speaks at 1030GMT.
- US ADP 1315GMT in focus ahead of Friday's US Jobs Report. 
* Options:  Expiries for today's NY cut, $1.1740-45(E510mn),
$1.1795-1.1805(E890mn), $1.1825(E702mn) 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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