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Opened toward the lower side of.........>

EURO-DOLLAR
EURO-DOLLAR: Opened toward the lower side of yesterday's $1.1847 to $1.1879
range, where consolidation remains the theme so far over the festive season.
Markets are expected to remain on the quiet side in Asia, with euro-yen flows
likely to dictate direction. Key-support is located at $1.1810/08, the level
holds the 50% fib retracement on $1.1718-$1.1902 rise and also the 100-dma,
while above yesterday high resistance is seen at $1.1896 (Dec25 high). Euro was
last at $1.1857.

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