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###POV. The main talk among local.......>

EURO-DOLLAR
EURO-DOLLAR: ###POV. The main talk among local traders this morning was the lack
of any real bounce for the Euro since the Catalan referendum. Investors loath
uncertainty, and the crisis in Spain is not going away anytime soon. Adding to
the potential demise for the Euro is US dollar strength, which is being
supported by stronger economic data, the latest ISM manufacturing PMI rose in
September to 60.8, highest level for 13 years. Technically, the $1.1660-80 level
looks pivotal, a break would set up a move to $1.1595 (Daily cloud support),
with bears targeting a move to $1.1423 (38.2% Fibonacci retracement
$1.0341-$1.2092)

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