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Managed to stretch up to $1.2406........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Managed to stretch up to $1.2406 before early upside momentum
faltered. Tech traders note that $1.2406 relaters to the 76.4% retrace of the
move down Tuesday from $1.2434 to $1.2314. Rate sits back at $1.2392 at writing.
Support seen into $1.2370, a break to expose strong demand into $1.2340. 
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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