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Rate sinks further as the core CPI......>

EURO-DOLLAR
EURO-DOLLAR: Rate sinks further as the core CPI miss continues to weigh,
touching $1.1602 and making an earnest attempt on a break through the handle.
Support may kick in on a fall toward $1.1594, marking the 76.4% fib level for
the $1.1526-1.1815 move. This also crosses with the 1.0% envelope 10-dma. Any
further downside will encounter $1.1558, the 50% retracement of $1.1301-1.1815.
ECB's Lane speech the next risk event, due to be speaking in London at 1240BST
on 'Euroarea monetary policy: Issues and outlook'. 
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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