Break above resistance at $1.1305.......>

EURO-DOLLAR: Break above resistance at $1.1305 late Wednesday, the rate lifted

by the spike higher in cable and the USD pressured in reaction to the grounding

of the Boeing 737 Max8, allowed it to lift to an eventual high of $1.1339.

Pullbacks ahead of the close were restricted at the broken resistance level of

$1.1327. A quick probe below $1.1327 to $1.1324 in early Asia before rate edged

to $1.1337, the move again meeting decent resistance on approach to $1.1340.

With cable paring back its Wednesday gains it provided a drag on EUR/USD, the

rate easing through the balance of the session to $1.1314, trading around

$1.1320 into early Europe. Support now seen from $1.1314 through to $1.1300.

Resistance $1.1337/39, a break of $1.1340 to expose the $1.1363-68 area (area

contains 76.4% retrace of move down from $1.1420 to $1.1177 at $1.1363, 50-dma

at $1.1366 and 100-dma at $1.1368; 55-dma at $1.1371).

- Option expiries of note for today at $1.1200(E1.08bn), $1.1250(E1.1bn). 

- Germany CPI provided no surprises. France CPI at 0745GMT, US Jobless Claims at

1230GMT, US New Home Sales at 1400GMT. 

- ECB Lane due to speak at 1600GMT.