EUR/USD fell largely into line with.....>

EURO-DOLLAR: EUR/USD fell largely into line with the broader USD moves observed

on Monday, hitting a low of $1.1530 around the London lunch hour, before

recovering in the afternoon, last dealing at ~$1.1560.

- Despite Monday afternoon's attempted rebound the bearish trend remains intact,

leaving the way open for a decline towards the June 21 lows at $1.1509. A

further break below here would suggest a resumption of the long term decline to

challenge the $1.1500 psychological level. The bulls will need to stage a

recovery through $1.1656 to stabilise the near-term outlook.

- There is lack of tier one economic releases in the EZ this week, with

Tuesday's focus set to fall on German trades & industrial production data.