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Quick turnaround as early dip to a......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Quick turnaround as early dip to a fresh low of $1.2394 sees a
quick bounce back to $1.2413, though fell short of retesting the earlier Asian
high of $1.2416 on this initial move. Rate currently trades around $1.2408.
Market positioning ahead of today's ECB announcement likely to make for some
volatility as markets thin ahead. Above $1.2416 and next band of resistance
noted between $1.2420/30 ahead of $1.2441/44. Support $1.2394-85. 
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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