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Recovered off an earlier low of.........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovered off an earlier low of $1.1336 to $1.1366, the move
slightly extending recent highs but topside still meeting resistance in that
$1.1362/67 area ($1.1367 100-dma). A break above here to expose the descending
channel top at $1.1387 ahead of $1.1400. Support now seen at the mentioned low
of $1.1336 ahead of $1.1325/15 and $1.1300. Rate currently seen settling between
$1.1350/55 as markets await the FOMC announcement at 1800GMT/1400ET, with Fed
Powell's press conference the main interest.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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