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The corrective pullback away from the...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: The corrective pullback away from the early Europe high of $1.2240
sees rate pressed toward the $1.2200 level. Friday report of a break through in
German coalition talks seems to have run into further obstacles as factions of
the SPD oppose supporting Merkel. Despite this pullback Eur/Usd retains an
underlying buoyant tone, holding most of last week's gains. Resistance
$1.2240/50, Support $1.2200 ahead of the Asian low of $1.2188. 
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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