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Recovery off Thursday's low of..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery off Thursday's low of $1.1757 was given an added boost in
Asia as the Usd came under pressure in reaction to a WSJ report (see link below)
that Special Counsel Mueller had subpoenaed Trump's election campaign as well as
reports that N.Korea were close to building a submarine with ballistic missile
launching capabilities. Rate spiked on to $1.1822 then settled above $1.1800
through to the European open. Rate currently trades around $1.1814 in early
Europe. Hourly resistance noted between $1.1835/45, a break to expose
Wednesday's high of $1.1861. Support remains at $1.1805/00 ahead of $1.1765/55. 
*
https://www.wsj.com/articles/special-counsel-mueller-issued-subpoena-for-russia-
related-documents-from-trump-campaign-officials-1510875492
* Options: Expiries $1.1720-25(E780mn), $1.1750(E460mn), $1.1790-1.1800(E950mn),
$1.1825(E694mn), $1.1840-50(E646mn)
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets

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