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Improving economic conditions in the....>

EURO-DOLLAR
EURO-DOLLAR: Improving economic conditions in the Eurozone has helped Eur/Usd
push higher recently. Analysts from Morgan Stanley comment that a "break above
the 1.1865/1.1900 resistance zone" would "open upside potential to 1.23/25".
They add that "conditions for such a bullish break are in place. Yesterday's EMU
November PMIs jumped higher, with readings coming in much stronger than
anticipated" and that "the bullish [euro] call may find it easy to play out
within an environment of USD weakness."

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