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Touched a post 1600BST fix low of.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Touched a post 1600BST fix low of $1.1184 Tuesday as EUR/USD
continued to trade with an underlying heavy tone, though reported support, which
is seen stretching down to the Mar7 low low of $1.1177, is seen cushioning.
Bounce back saw a sharp move to $1.1216 at the European close before it dropped
back to $1.1192 before it closed around $1.1205. Rate currently seen pivoting
$1.1200, though with that underlying heavy feel. Support remains between
$1.1185/75 ahead of $1.1150. Resistance $1.1250 (of note, a total of E3.05bn of
$1.1250 options roll off with this strike Thu/Fri, E1.16bn, 1.89bn
respectively).
- EZ Services/Composite PMI data due this morning followed by EZ Retail Sales at
0900GMT, market median 0.3%mm, 2.3%yy.
- Into the afternoon US ADP at 1215GMT/0815ET, ISM non-mfg 1400GMT/1000ET.    
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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