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Touched an extended low of $1.1148......>

MNI (London)
EURO-DOLLAR: Touched an extended low of $1.1148 into the 1600BST fix before
edging back to $1.1158, though upside momentum so far not convincing. Underlying
tone remains heavy, position adjustments, ahead of Thursday's ECB announcement,
and alongside general USD strength, seen keeping the downside pressure on.
Resistance now seen at $1.1180/85 ahead of $1.1200. Support $1.1125/16 (May31
low, Lower 1.0% 10-dma env/May30 low) ahead of its YTD low of $1.1107 (May23).  
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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