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Posted a fresh 4-month high of..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Posted a fresh 4-month high of $1.1468 during European morning
trade on hopes for a breakthrough in the EC summit discussing the COVID-19
recovery plan. The summit was scheduled to resume at 1500BST and without further
comment the rate pared gains, easing to a fresh intraday low of $1.1403.
However, the dip has attracted fresh demand as we head into the 1600BST fix,
with hopes likely to be revived for a positive outcome for the COVID plan. Rate
recovered to $1.1444, currently around $1.1440. Resistance remains at the
earlier high of $1.1468, a break and clear to expose the YTD high at
$1.1495(Mar9). Support remains into $1.1400 ahead of tech support at $1.1394. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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