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Rate breaks lower and out of the........>

EURO-DOLLAR
EURO-DOLLAR: Rate breaks lower and out of the relatively tight range throughout
the European morning. Support may kick in on an approach toward the $1.1755
level, marking the 23.6% Fib retracement for the $1.1650-1.1787 move. $1.1750
also holds option interest, with E1.3bn rolling off at today's NY cut. Below
there, $1.1739/35 marks the hourly NY low from Sep20 and the 38.2% fib level for
$1.1650-1.1787.

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