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Recovery efforts stalled ahead of.......>

EURO-DOLLAR
EURO-DOLLAR: Recovery efforts stalled ahead of $1.1740 into Europe, before
renewed supply emerged with a deeper reversal to print fresh daily lows of
$1.1721. Rate stalled around support from the 200-wma/Expiry E1.04bn, a break
opens $1.1717/13 (Sep27 low, 1.618% swing of $1.1838-1.2033). Immediate focus
turns to the release of German state CPI data, starting with Saxony at 0700GMT.
Euro-dollar last $1.1724.   

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