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German Services PMI miss the earlier....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: German Services PMI miss the earlier flash forecast (54.1 vs flash
54.4) and seen adding another layer of pressure on the EUR. Rate gets pressed to
an extended low of $1.1569 and holds heavy at writing. Next support seen at the
Jun29 low of $1.1565 with the next short term technical target seen at
$1.1544(1.618% swing $1.1621-1.1746). Below here to expose the YTD low of
$1.1509 Jun21.
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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