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Rate continues to improve, with.........>

EURO-DOLLAR
EURO-DOLLAR: Rate continues to improve, with latest wave of support coming from
the EU's decision not to open an excessive debt procedure against Italy,
according to Radiocor sources. This comes as the latest sign that Italy's latest
budget proposals may get the thumbs up from Brussels. EUR/USD's topped out at
$1.1414 so far today, the highest rate since Monday last week, but could run
into resistance at the Descending trendline from Nov7 at $1.1426 as well as the
3% upper Bollinger Band at $1.1437. Option interest at $1.1375 and $1.1450 could
keep the pair contained from here, with the FOMC decision the highlight of the
session. 

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