Draghi's last ECB meeting provided no...>

EURO-DOLLAR: Draghi's last ECB meeting provided no surprises, no policy changes

or announcements as had been widely expected, which in turn led to a fairly

muted response (more activity was seen in the earlier release of EZ PMI data).

EUR/USD did pop up to $1.1154 as Draghi began speaking, as well as on release of

slightly weaker than expected US Durable Goods data, but momentum quickly faded

and rate dropped to $1.1093 into the 1600BST fix. Post fix rate recovered to

$1.1111, found support at $1.1100 ahead of the close. A slow Asian session saw

rate consolidate between $1.1101-08, with early Europe showing some demand

interest as it extended the topside to $1.1109 (though underlying market tone so

far remains subdued). US-China trade(US Lighthizer, Mnuchin and Liu He speak

today) and Brexit(EU decision on an extension awaited) remain key market

interest. Germany Ifo at 0800GMT, UofM Sentiment 1400GMT provide data interest.

Into next week and US data interest seen on ISM and Jobs data, along with FOMC.

- Support $1.1100-1.1090 (area also holds expiries for E1.51bln), $1.1065.

Resistance $1.1110, $1.1130/35.