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*** Nudging back toward the early.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Nudging back toward the early Europe high of $1.1830(off
pullback low of $1.1817), currently around $1.1828. Above $1.1830 to expose Aug1
hourly highs of $1.1837-39 ahead of $1.1844-46. Short term technical target
remains at $1.1855(1.618% swing projection of the pullback from $1.1777-1.1650).
Rate saw a dip low of $1.1785 in NY Tuesday, with technical traders suggesting
underlying buoyant tone remains in place while rate holds above its Jul28 high
of $1.1764. Stops have been suggested sub $1.1770 but more likely below $1.1760.
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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