EUR/USD last trades at $1.1260, 15......>

EURO-DOLLAR: EUR/USD last trades at $1.1260, 15 pips higher on the day, as

Brexit optimism provides a modest degree of support. As a reminder, UK PM May

met with EU Commission President Juncker late Monday, seeking last-minute

concessions from Brussels ahead of the meaningful vote scheduled for tomorrow.

The meeting concluded with some EU pledges re: the temporary nature of the Irish

backstop (although these were played down by some eurosceptic MPs).

- The pair added 10 pips yesterday, after operating within a fairly muted, 35

pip range. Intraday lows of $1.1222 were touched around the 1600GMT London fix,

but this was followed by a gradual recovery on BRexit optimism.

- After a brief look above, bulls continue to target the broken down trendline

from Mar 4 2009 at $1.1266. A breach of that level would open up the 200-HMA at

$1.1304. Meanwhile, bears look for a fall below the 100-HMA at $1.1255 before

challenging the Feb 15 low of $1.1234.

- EZ focus turns to French & German CPIs due Thursday, as well as Italian & EZ

CPIs due Friday. Elsewhere, ECB's Enria & Lautenschlaeger will speak later

today, Coeure will speak on Wednesday, while Rehn will appear on Friday.