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*** Having survived Tuesday's...........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Having survived Tuesday's corrective pullback, which held above
the noted key support level at $1.1712 (NY low $1.1715), the rate saw a recovery
high of $1.1770 in the NY session before closing around $1.1750. Rate was
pressed down to $1.1719 in early Asia on the back of Eur/Jpy sales (NK react)
but had recovered to $1.1740 into Europe. This upside correction continued in
early Europe as rate rose to $1.1755. Resistance noted at the earlier Asian high
of $1.1764 ahead of that NY recovery high of $1.1770. Above and hourly
resistance between $1.1785/95 moves into view.  
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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