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Rate continues to recover off the.......>

EURO-DOLLAR
EURO-DOLLAR: Rate continues to recover off the lows of $1.2278 (which fell
almost exactly on the WMR fix) and pulls back close to 30 pips to trade in minor
positive territory. $1.2316 to provide some minor resistance (50% Fib for
$1.2355-1.2278, today's price action) before the session highs and, beyond
there, $1.2373, marking the 38.2% Fib level for the $1.2555-1.2260 move.
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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