A volatile overnight session has seen...>

EURO-DOLLAR: A volatile overnight session has seen EURUSD hold in the middle of

its overnight $1.1395-1.1473 range at the European crossover.

- EURUSD breached down trendline resistance on the early move to $1.1473 as

early declarations hit the wires, followed by a sharp pullback to $1.1395 on the

back of positive electoral outcomes. Rate later pared losses through the

session, re-tested session highs, before fading ahead of Europe.

- Traders highlight large optional expiry interest at $1.1500 (E2.05bn) for

today's NY cut which could halt further gains. Also worthy of note of further

$1.1500 strikes this week, totalling E8.35bn.

A confidence vote is expected in the Italian Senate later today on proposals to

curb corruption and immigration. EURUSD last $1.1440.