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Rate continues to benefit from modest...>

EURO-DOLLAR
EURO-DOLLAR: Rate continues to benefit from modest USD & JPY weakness to touch
the day's highs up at $1.1430, but still considerably shy of the $1.1536 level
printed on Friday. Resistance appeared to build at the twice-tested $1.1410 mark
but this was flushed out as the USD dropped on social media reports that Turkey
may release the US pastor as soon as Wednesday (this was later denied by an
embassy official). Fib resistance kicks in at $1.1467, marking the 38.2%
retracement of the $1.1628-1.1368 move. August 10th hourly highs at $1.1482 then
provide the resistance ahead of any test on Friday's best levels.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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