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EURO-DOLLAR: Month-end fun and games as EUR/USD extended its recovery sharply up
to $1.1180, helped in part by month-end demand for EUR/GBP ahead of the 1600BST
fix, before it dropped back to $1.1137. Bank models had suggested USD demand was
to be seen at the fix, which proved to be correct, but anyone that may have
positioned for this move may have been squeezed out in pre fix activity. Post
fix rate recovered again, this time at a slower pace, as it edged back to
$1.1164. Resistance remains into $1.1180 ahead of $1.1200. Support $1.1125/15
ahead of $1.1107/00.