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Rate improves above the $1.17 handle....>

EURO-DOLLAR
EURO-DOLLAR: Rate improves above the $1.17 handle to touch the highest since
July 31st and extend the mid-August to date recovery to over 3.5%. Resistance
may be found on an approach into the $1.1721 level, marking the 76.4% Fib
retracement level for the $1.1851-1.1301 move. A break above here and the
$1.1740 Upper Bollinger Band would expose the mid to late July highs of
$1.1745/50, which have proved strong resistance in the past. Data slate is
particularly light today, with price action likely to continue to come from the
greenback side. 

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