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Recovery away from posted lows of.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery away from posted lows of $1.1749 extended to $1.1774
before momentum faded. However, rate holds on to most of these gains at writing,
currently around $1.1767. Move up aided by Usd/Jpy getting knocked back toward
Y109.00. Eur/Usd resistance remains at $1.1779/85, with further resistance seen
to $1.1800. Support $1.1749/48(intraday low and 38.2% $1.1689-1.1785)
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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