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***The weak close in New York has.......>

EURO-DOLLAR
EURO-DOLLAR: ***The weak close in New York has encouraged further selling in
early Asia, the rate dropping from around $1.1790 to post a low so far at
$1.1769. Local traders have pointed to trailing stops left below yesterday's
base ($1.1785) as the catalyst. Key support is located at $1.1744-41, the level
marks the 38.2% Fibonacci retracement on the $1.1554 to $1.1861 rise and also
the 100-dma, while hourly resistance is found at $1.1805.  Euro-dollar was last
at $1.1777

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