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Touches $1.1701 where it meets..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Touches $1.1701 where it meets mentioned technical
resistance($1.1701 61.8% $1.1750-1.1621). However, rate not backing off too far.
Traders mention that the $1.1700 level holds the strike of an expiring option
for today's NY cut (E576mn). A move above $1.1701 to expose next technical level
at $1.1720(76.4%). Asian traders earlier mentioned resistance seen at and above
$1.1700.
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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