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*** Reported weak stops triggered on....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Reported weak stops triggered on break of Y134.45 in Eur/Jpy
acted to weigh on Eur/Usd in early Asia, which with the added weight provided by
reaction to German Foreign Minister Gabriel warning that a minority government
in Germany could cause instability within the EZ, saw rate under pressure into
the Tokyo open. US names were stand out sellers as rate broke below $1.1849,
thin conditions allowed reactive sell off to deepen to $1.1817 before demand
emerged. Election results in Catalonia were also cited by some as applying
downside weight. Rate recovered to $1.1852 ahead of Europe before correction
lifted on to $1.1859.
* Eur/Usd longs could be prone to some trimming ahead of holiday break. 
* Eur/Usd resistance $1.1880/90 ahead of Dec20 high of $1.1902. Support
$1.1817-05. 
* Data: US Durable Goods, PCE, Personal Income(1330GMT: UofM, New Home sales
(1500GMT)
* Options: Expiries $1.1800(E1.09bn), $1.1850(E454mn), $1.1875(E330mn),
$1.1900(E1.19bn), $1.2000(E1.01bn) 
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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