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

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia toward the lower side of the $1.1757 to $1.1812
range witnessed yesterday, where consolidation ahead of this week's Central Bank
meetings was the theme. There is no data or scheduled events in Asia to
influence trading. Local traders expect range-trading ahead of the European open
and release of German/Eurozone ZEW data. Hourly resistance lies at $1.1812,
while support is being found close to the 55-dma ($1.1760). Euro-dollar is
currently changing hands at $1.1774.

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