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Opened in Asia at $1.1761 toward the....>

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia at $1.1761 toward the lower side of yesterday's
$1.1743 to $1.1793 range, where broad-based US dollar strength was somewhat
negated by robust European economic data, EU manufacturing PMI rose to 58.6, its
highest level since February 2011, while German manufacturing PMI rose to 60.5,
beating estimates of 60.0. There is no data or scheduled events in Asia likely
to impact trading. Consolidation is expected ahead of the European open and
release of German IFO. Resistance is seen at $1.1792/93 (50% fib
$1.1858-$1.1725, Oct24 high), while hourly support is located just ahead of
$1.1750. 

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