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The pair opened in Asia at $1.1842 at...>

EURO-DOLLAR
EURO-DOLLAR: The pair opened in Asia at $1.1842 at the upper side of yesterday's
$1.1723 to $1.1846 range, where broad-based US dollar weakness was the theme,
demand for euro at the London fix also triggered further losses for the
greenback. There is no data or scheduled events in Asia likely to influence
trading, traders expect consolidation with a mild downside bias as the market
corrects the short-term overbought picture. Resistance is now seen at $1.1855
(1.618 swing $1.1777-$1.1650), while support is located at $1.1799 (38.2% fib of
yesterday's rise). Euro-dollar was last at $1.1832

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