EUR/USD last deals at $1.1263, 37.......>

EURO-DOLLAR: EUR/USD last deals at $1.1263, 37 pips better off, bolstered by the

broader USD selloff in the wake of yesterday's MonPol decision from U.S. FOMC.

While leaving policy settings unch., the FOMC signalled that it may cut rates if

outlook worsens, although not quite yet.

- As the rate threatens the Jun 4 high/cloud top at $1.1277/80, bulls look for a

break here before challenging $1.1304-09, which registered highs on Jun 5, 6 &

13. Bears need a retreat below the Jun 17/18 highs at $1.1247/43 before setting

their sights on the 21-DMA at $1.1229.

- ECB sources told MNI that the Bank may begin groundwork for a new round of QE

as soon as next month (see MNI Main Wire at 17:06 BST 06/19).

- EU leaders are heading to a European Council meeting in Brussels later today.

On the agenda are further talks about filling the top EU jobs that go vacant

this year. These include ECB, EU Commission and European Council Presidencies.

- Elsewhere, focus today turns to German & EZ consumer confidence tallies, as

well as speeches from ECB's de Guindos, Rehn and Enria. The ECB will also

publish its Economic Bulletin.