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Recovery off EUR/USD's pre Christmas....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery off EUR/USD's pre Christmas low of $1.1066 (Dec23) extends
to $1.11225 as most markets return following the seasonal holiday. The USD seen
under mild general pressure reminding that early month-end models have suggested
USD sales to be seen. Many traders likely to be enjoying extended holidays which
is likely to keep liquidity low. 
- Support $1.1096, $1.1085(rising support Nov29), $1.1070/65. Resistance
$1.1125/33, $1.1245/55. 
- Mixed option expiries between $1.1185-1.1200 for 1.3bln.
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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