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Pullback from Tuesday's early 2018......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Pullback from Tuesday's early 2018 high of $1.2081 saw rate trade
to $1.2026 ahead of the London fix, only to rebound to $1.2065 ahead of the
close. Rate in Asia touched $1.2066 before it drifted lower, traders reported
Usd short position paring ahead of today's US ISM Manufacturing data(1500GMT)
and the FOMC Minutes(01900GMT). Recovery into Europe saw rate capped around the
$1.2060 level before the Usd picked up fresh demand interest which has pressed
it back to $1.2031. 
* Support $1.2026(NY hourly low), hourly support $1.2025/15, $1.1993(Hourly
base). Resistance $1.2081, $1.2090/1.2100.
* German Employment data 0855GMT, Brandenburg CPI 0900GMT.
* Option expiries $1.2000(E301mn), $1.2030(E951mn)
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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