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Opened in Asia toward the middle of.....>

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia toward the middle of yesterday's $1.1737 to $1.1834
range, where a broadly softer US dollar was the theme before some profit-taking
set in. There is no data or schedule events in Asia to drive markets. Local
traders anticipate sideways consolidation ahead of the European open and release
of German IFO data. Initial support is located at $1.1774 (61.8% fib
$1.1737-$1.1834), a break to expose $1.1760 (76.4% fib on the same move), while
hourly resistance is found at $1.1834. 

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