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Profit taking off earlier traded........>

EURO-DOLLAR
EURO-DOLLAR: Profit taking off earlier traded highs ($1.2306) has seen Eur/Usd
largely consolidate $1.2275-90 into the NY afternoon. Resistance remains from
the 2018 high at $1.2323, techs placed behind at $1.2329/36 (Oct2008 low, 3-mth
bull channel). Focus turns to the release of eurozone PMI data tomorrow where
expectations are for the strong momentum from 2017 to continue. France kick it
off at 0800GMT, followed by Germany at 0830GMT and the eurozone at 0900GMT.
Eur/Usd last $1.2284.   

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