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Recovery rally managed to make and.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery rally managed to make  and extended high of $1.2006 in
early Europe with corrective pullbacks so far holding shallow and seen keeping
upside in view. Main move higher seen Eur/Jpy led as the Japanese unit trades
soft across the board. Eur/Usd currently trades around $1.1988. Expect
resistance at that posted high of $1.2006, a break to expose stronger resistance
in the $1.2030/32 area. Support $1.1980/75. 
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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