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Free AccessSimilar start to Monday with rate.......>
EURO-DOLLAR: Similar start to Monday with rate making a show to $1.1351 and
remaining firm. Rate Monday managed to extend recovery to $1.1359 before it
faltered and dropped back to a post 1600GMT fix low of $1.1325. Resistance
remains at $1.1359, apart from Monday's high now has the added resistance from a
descending trend line, drawn off the Jan31 high. Above here and the 50-dma comes
through at $1.1360, the 55-dma at $1.1364 and 100-dma at $1.1367. A break above
to expose $1.1400 ahead of $1.1420(Feb28 high). Above $1.1425 though seen needed
to pressure longer term shorts.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.