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The recovery off the earlier $1.1722....>

EURO-DOLLAR
EURO-DOLLAR: The recovery off the earlier $1.1722 low has so far stalled at
$1.1751 and euro currently holds $1.1745. Now that the dust has settled
following news of the collapse of the German coalition talks, a period of
consolidation now seems likely ahead of the European open. Focus now is on how
other global centres react to the news. Resistance is seen at $1.1757 (Nov16 low
and now res), while support is seen at $1.1723 (Broken resistance line and now
support) and just below at $1.1714 lies a daily trend-line taken off $1.1554
low.

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