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Retains Buoyancy Through the 1600BST fix

EURO-DOLLAR
MNI (London)

As in earlier Asian trading the expected USD demand for month-end ignored as EUR/USD edged on to $1.1744, though sees some counter as we head into today's 1600BST fix. However, the pullback seen fairly shallow, low off the high seen at $1.1728 with rate continuing to find support here at writing. Positioning ahead of tonight's presidential debate, along with the earlier positive reaction to EZ robust sentiment data, has aided the recovery. However, month-end flow set for Wednesday and could continue to slow upside progress. Resistance seen into $1.1750 ahead of the 55-dma that currently comes through at $1.1762. Support now at $1.1728 ahead of $1.1700/1.1690.

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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