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The pair touches session highs and......>

EURO-DOLLAR
EURO-DOLLAR: The pair touches session highs and breaks above $1.18 as Europe
comes to market and is now lodged between the 50DMA at $1.1762 and the 100DMA at
$1.1804. $1.1806 also marks the 38.2% retracement level for the July - November
rally which could provide resistance. The highlight of today's European calendar
is due at 0900GMT, with German IFO numbers expected to show a modest improvement
in sentiment with the current assessment expected to rise to 124.7 from 124.4. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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