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EURUSD touched extended react lows of...>

EURO-DOLLAR
EURO-DOLLAR: EURUSD touched extended react lows of $1.1205 after the Bloomberg
ECB source story saying staff have begun studying a potential revamp of their
inflation goal. Traders faded the move to $1.1228, but with lack of follow
through drifted to settle in narrow range trade. Yesterday's low at $1.1200
provides initial support, a break exposes the Jul 9 & Jun 18 lows at $1.1193/81
respectively. Last $1.1216.
- Light on the calendar this afternoon with notable option-expiries rolling off
for the NY cut. $1.1190-1.1200(E1.12bln), $1.1215(E672mln),
$1.1225-30(E1.32bln), $1.1235(E2.08bln), 1.1240-50(E1.03bln).

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