EURO-DOLLAR: Onward and upward, vaults $1.2300 now and making a beeline for the tech resistance at $1.2320/25 area July 19 high that is widely discussed.

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26 July 2012

EURO-DOLLAR: Onward and upward, vaults $1.2300 now and making a beeline for the tech resistance at $1.2320/25 area July 19 high that is widely discussed.

Last $1.2302 after a hight at $1.2310 and stops noted above $1.2320 despite strong offers into the resistance level.

Upgrades and downgrades of Dow Jones Industrial components before the market open:

U.S.: Durable goods orders ex defense, June -0.7% (forecast -0.5%)

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