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EURO-DOLLAR: Opened in Asia at $1.1587 toward the middle of the $1.1554 to
$1.1616 range witnessed yesterday, where a stronger US dollar and disappointing
German Industrial Production data, where production contracted by 1.6% m/m,
against consensus of -0.9% m/m was seen to weigh on the single currency. China's
October Trade reports provides the event risk for the session, whilst there is
no-set time for the data, it normally comes out around 0200GMT. Support is
located at $1.1554 (Nov7 low), with protection again expected ahead of the
$1.1550 option barrier, while resistance is found at $1.1616 (Nov7 high).