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Recovery off earlier posted lows of.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery off earlier posted lows of $1.1543 extends above the
earlier Asian high of $1.1585 to $1.1592 and currently holds firm at writing.
Resistance expected into $1.1600, the level holding the strike of an expiring
option for today's NY cut, E1.44bn. Above and rate can edge on toward
$1.1615/20. Support remains around $1.1545/43. 
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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