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Free AccessPullback from Tuesday's early 2018......>
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)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.