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The pair opened in Asia at $1.1677......>

EURO-DOLLAR
EURO-DOLLAR: The pair opened in Asia at $1.1677 toward the lower side of
yesterday's $1.1650 to $1.1777 range, where a correction to the short-term
overbought indicators and better than expected US durable goods data saw the
Euro give back some of the FOMC induced gains. There is no data or schedule
events in Asia likely to impact trading, local traders expect sideways
consolidation heading into the European open. Below Thursday's $1.1650 low
support is seen at $1.1628, which marks the 50% Fibonacci retracement on the
$1.1479-$1.1777 rise, while hourly resistance is found at $1.1706. Euro was last
at $1.1681.

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