EUR/USD dipped back under $1.1700 on....>

EURO-DOLLAR: EUR/USD dipped back under $1.1700 on Tuesday, and consolidated

below the figure overnight, last ~$1.1680.

- Resistance is noted at the hourly recovery high from July 23 ($1.1728), with

support observed at the July 24 low ($1.1655).

- Focus falls on EU's Juncker visiting Washington to discuss trade matters with

U.S. President Trump on Wednesday. In a tweet Trump stated that "the European

Union is coming to Washington tomorrow to negotiate a deal on Trade. I have an

idea for them. Both the U.S. and the E.U. drop all Tariffs, Barriers and

Subsidies! That would finally be called Free Market and Fair Trade! Hope they do

it, we are ready - but they won't!" Juncker has noted that new tariffs aren't

needed and that he and Trump should try to "calm the situation."

- The ECB MonPol decision, due Thursday, also remains front and centre.

- Notable nearby FX option expiries for today's 10 AM NY cut: $1.1700(E927mn),

$1.1750(E1.01bn),