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11 January 2006

The dollar continues to drift higher...

The dollar continues to drift higher as we await a string of data releases on Thursday. In the meantime, with Wednesday being another dataless session I would expect more of the same.

Sterling has also been drifting higher against the Euro, but this morning we are trading lower ahead of UK Trade Balance figures due at 09:30.

GBPEUR - Support 1.4580 then 1.4500
Resistance 1.4615 then 1.4650

GBPUSD - Support 1.7600 then 1.7512
Resistance 1.7625 then 1.7700

Posted at: 12:38

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