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EURO-DOLLAR: Opened toward the upper side of the $1.1809 to $1.1932 range
witnessed yesterday, where month-end portfolio rebalancing flows and demand in
euro-yen underpinned the single currency. Euro-yen flows will be the likely
driver in Asia, investors keen to see whether Japanese asset managers have
similar interest as yesterday. Support is located at $1.1885/70 (38.2%/50% fib
$1.1809-$1.1932), while hourly resistance lies at $1.1932.