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Having seen an extended recovery high...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Having seen an extended recovery high of $1.1610 into Europe the
rate has since been pressed lower and is currently challenging its opening low
$1.1586(50-dma). A break below $1.1580 to expose $1.1564(ascending support line
off Oct9 lows), with a decent sized option expiry for today's NY cut noted at
$1.1550, E1.06bn.
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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