EUR/USD marked a post US NFP release....>

EURO-DOLLAR: EUR/USD marked a post US NFP release low of $1.1086 (earlier Europe

low $1.1085) before it bounced back, moving above its initial data react high of

$1.1114 and on to a high of $1.1129 before it settled around $1.1120 into the

close. Rate drifted off to $1.1113 in early Asia before general risk appetite

provided the lift to take rate to an extended NFP recovery high of $1.1132,

steadying between $1.1125/30 into Europe. Risk on as markets reacted to weekend

report that the US-China phase one agreement to restart the semi-annual talks,

though USD/CNH action suggests market retains some caution. Traders aware that

the $1.1120-30 area holds the strikes of expiring options for today's NY cut,

amounts to E1.59bln, which may act to keep rate anchored, though more in focus

are the expiries this week at $1.1100 amounting to around E7bln(for today

expiries noted between $1.1093-1.1100 for E1.62bln).

- Support $1.1113 ahead of $1.1100-1.1085, stronger into $1.1070. Resistance

$1.1132, $1.1139/44(200-dma/38.2% $1.1239-1.1085)

- Germany Wholesale Price Index flat mm in Dec, -1.3%yy. Italy Retail Sales

0900GMT.