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Rejection from the $1.1712 level sees...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Rejection from the $1.1712 level sees rate recover to $1.1729,
currently around $1.1727. The $1.1712 level was the Jul25 high, broken post FOMC
Wednesday before rate rallied to an extended high of $1.1777 in Asia (NY high
$1.1740). Stops have been reported on a break of $1.1710 but expected demand to
emerge between $1.1695/80 should rate break lower. Resistance seen between
$1.1745/55, a break to expose the earlier high of $1.1777. 
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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