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Sharp bounce back from its early........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Sharp bounce back from its early Europe low of $1.1863 saw rate
retest its earlier Asian high of $1.1877. However, move quickly lost momentum
before Usd strength pressed rate back to $1.1863. Asia posted an opening low of
$1.1862, a break of $1.1860 expected to open a deeper move toward $1.1850/40
ahead of Monday's low of $1.1829. Resistance remains at $1.1877/80. 
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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