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Retains a heavy feel, the recovery......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Retains a heavy feel, the recovery off posted lows of $1.1807 faded
at $1.1814 with rate currently trading around $1.1809. Bids have been reported
into $1.1800(Dec5 low $1.1801 with dip to this level rejected strongly). Break
below $1.1800 to expose stops, which if triggered open potential to deepen move
to $1.1788(hourly support) ahead of $1.1772(76.4% $1.1713-1.1961). A break below
this latter level to excite technical traders, seen opening a deeper move toward
$1.1746-28.  
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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