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Reported support at $1.1150 Monday......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Reported support at $1.1150 Monday cushioned the base through
yesterday's trade, the rate touching a low of $1.1151 before it eventually
clawed its way up to $1.1175. This support at $1.1150 suggested to remain in
place, countered by resistance between $1.1175/85. A break of $1.1150 to open a
deeper move toward $1.1135/30. Dovish comments from RBA Lowe softened the AUD
and acted to drag EUR/USD lower, the rate having touched a high of $1.1172 in
early Asia before easing off to a low into Europe of $1.1153. Rate currently
trades around $1.1155. 
- Release of OECD Economic Outlook at 0900GMT provides morning interest,
following recent outlook cuts, in an otherwise light data calendar. EZ Consumer
Confidence to be released at 1400GMT.
- US Existing Home Sales at 1400GMT, Fed speakers Evans and Rosengren also due. 
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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