EURUSD touched pullback lows of.........>

EURO-DOLLAR: EURUSD touched pullback lows of $1.1270, before support from the

100-dma ($1.1271) cushioned falls. This level remains key at today's close, with

a break here extending the downtrend to $1.1251/28 which represents the Jun 7

low & 50% retracement level of $1.1107-1.1348. Rate recovers to $1.1280/85 at

typing.

- Traders also highlight the large option expiry for today's NY cut at $1.1300,

total rolling off E4.39bln, E3.72bln of it EUR calls.

- US Retail Sales also due up at 1230GMT. Retail sales are forecast to rebound

by 0.8% in May after a 0.2% decline in April. Not seasonally adjusted industry

motor vehicle sales improved sharply in May. AAA reported that gasoline prices

rose further in mid-May from one month earlier, but seasonal factors will likely

offset that gain as the summer driving season started. Retail sales are expected

to rise 0.4% excluding motor vehicles after a 0.1% increase in April, but after

gas, vehicles, and building materials are cut out, the control group should show

little gain.