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Recovery extends to $1.1819 before......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery extends to $1.1819 before faltering, though corrective
pullback so far seen shallow as rate eases to $1.1814. Germany Ifo at 0900GMT
provides interest, median expectations seen at Business Climate 117.5,
Expectations 110.7 and current assessment 124.7. Resistance seen into
$1.1820/23(76.4% $1.1834-1.1776/Daily cloud top) but rate seen needing to break
through $1.1835/45 to boost hopes for a stronger upside correction. Support
$1.1790 ahead of $1.1780/75. 
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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