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Opened in Asia toward the lower side....>

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia toward the lower side of the $1.1722 to $1.1812
range witnessed yesterday, where German political uncertainty, firmer US rate
yields and dovish comments from ECB's Draghi, placed the euro on the defensive.
There is no major data or scheduled events in Asia to drives markets, local
traders anticipate sideways consolidation ahead of the European open. Support is
seen at $1.1723/22 (Broken resistance line, Nov20 low), while hourly resistance
is located just above $1.1750. Euro-dollar was last at $1.1733.

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