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Probes above Monday's high of...........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Probes above Monday's high of $1.1719, breaking tech resistance at
$1.1720, to extend recovery to $1.1726. No major follow through on the move
though rate retains an underlying buoyant tone, currently around $1.1720. Next
resistance seen between $1.1730/35 with stronger interest noted into
$1.1750($1.1744/50 Jul26 high/Jul23 high). As mentioned several times, bank
models suggest 'strong USD sales' to be seen at today's fixes. 
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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