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*** Reversed quickly from its early.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Reversed quickly from its early Europe high of $1.1748, the
move down extending through the earlier Asian base of $1.1731 to $1.1725 before
fresh demand emerged to cushion. Rate currently trades around $1.1736. EZ Flash
CPI at 0900GMT seen key this morning, market median 1.3%yy, core 1.1%yy. Support
$1.1725 ahead of $1.1720/15 and $1.1705/1.1695. Resistance $1.1762/64, break
here to expose last week's high of $1.1777. Above this latter level and brings a
short term technical target at $1.1855 into play.  
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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