Eventual break of technical support.....>

EURO-DOLLAR: Eventual break of technical support at $1.1241(76.4%

$1.1177-1.1448) saw rate dip to an initial low of $1./1234 before it managed to

recover to $1.1259. EM led risk aversion dropped rate down to $1.1231 before

early NY added further weight to take it on to $1.1214. Rate did manage to

correct back to $1.1239 before it was pressed down to $1.1216 through the

1600GMT fix, settling around $1.1230 after the Europe close. 

- Germany Retail Sales provides initial data interest Friday ahead of Germany

Employment. Several EU countries national inflation and growth numbers to be

released ahead of flash EZ CPI. US Chicago PMI and UofM Sentiment provide the

main data interest in the afternoon.

- Support seen into $1.1215-00($1.1200 holding E1.56bn of strikes rolling off at

Friday's NY cut), a break to expose the Mar07 low of $1.1177. Resistance

$1.1240, $1.1260, $1.1280/85.