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EURO SUMMARY: *Nov1 Euro-dollar open $1.1646, range $1.1629 to $1.1655
*Euro-dollar opened in Asia toward the middle of yesterday's $1.1625 to $1.1661
range, where consolidation was the theme in European and US markets.
*Reports that 'excellent progress' is being made on the US tax bill encouraged a
rise in US rate yields, Euro edged lower from $1.1655 to $1.1629. Pullbacks were
almost non-existent and heading toward the opening of European markets, the Euro
trades at $1.1632
*Key-resistance remains at $1.1675 (38.2% fib $1.1837-$1.1575), while hourly
support is found at $1.1625-27, a break to open $1.1604 (Hourly support Oct30).
*US ADP Employment change and ISM Manufacturing data provides the event risks
for the session ahead, which also includes FOMC.