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Renewed dollar selling in early Europe........>

FOREX
FOREX: Renewed dollar selling in early Europe allowed EUR & GBP to print fresh
daily highs, before fading. EURUSD recovered the $1.14 level, triggering renewed
momentum to $1.1426. The Dec 19 high provides the next layer of resistance at
$1.1439, option-related resistance is placed behind at $1.1445/50 which holds a
very large E2.09bn expiry for today's NY cut. GBPUSD touched $1.2671, but has
since given back 25 pips at typing. Next resistance is seen at $1.2701/06 from
the  21-dma & Dec18 high. 

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