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Recovery off Monday low of $1.2258......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery off Monday low of $1.2258 extended on to $1.2359 in NY
before it drifted back to $1.2335 into the close. Rate consolidated Monday's
moves through Asia, trade contained within a range of $1.2333-51. Early moves in
Europe seen a little more volatile, rate touched $1.2348 and has now dropped
back to $1.2335 though still within the Asian range. Support noted between
$1.2319/09 ahead of $1.2290. Resistance remains in to $1.2350/60. Germany ZEW at
1000GMT to attract some attention, market median for current situation 90.0 vs
last 92.3.  
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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