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Rate's rise back above $1.14 now eyes...>

EURO-DOLLAR
EURO-DOLLAR: Rate's rise back above $1.14 now eyes Monday/Tuesday highs at
$1.1433/29 before clawing back more of the 2.5% losses suffered since the
beginning of August. $1.1471 and $1.1523 fib resistance levels will be the next
hurdle (marking the 38.2% and 50% retracement of the $1.1746-1.1301 moves
respectively) before bulls look for a close above the 50-dma at $1.1632 for
further direction.
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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