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

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia toward the lower side of yesterday's $1.1801 to
$1.1877 range, where optimism over the tax bill working its way through Congress
before year-end placed the greenback on the front foot. There is no economic
data or scheduled events in Asia likely to influence trading, consolidation is
expected ahead of the European open and release of German Factory Orders.
Support lies at $1.1800 which represents the 1.618% swing on the $1.1851-1.1940
move, while hourly resistance is seen at $1.1843. Euro-dollar is currently
changing hands at $1.1827.

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