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EURO-DOLLAR: Germany IP comes in better than expected at 1.1%mm, -2.6%yy but
initial positive react proves short lived, the rate edging to $1.1115 from
around $1,.1111, with that pre release level now under pressure again. Stronger
support remains in place between $1.1105/00, though expect further support to be
seen to $1.1090, a break here to expose a deeper move toward $1.1070. Resistance
remains at $1.1120-25.