Extended its recovery off Friday's......>

EURO-DOLLAR: Extended its recovery off Friday's low of $1.0871 in Asia, the rate

pushing above Monday's holiday thinned session of $1.0915 to $1.0922, in risk

driven trade. Positive Dow futures provided for risk appetite, as global markets

look to ease COVID-19 lock down conditions, with JPY pairs seen providing the

main driving force. USD/JPY has edged back above Y107.90, market to watch if

rate can break key resistance area between Y108.00/10. EUR/USD has retained most

of its gains, as we head into Europe, though market may be a tad wary ahead of

EU Commission von der Leyen's presentation of the EU COVID plan Wednesday aware

of opposition to grants rather than loans from Austria, Sweden, Denmark and the

Netherlands.

- A light calendar in Europe, ECB Lane due to speak at 1245GMT. US House prices

at 1300GMT, New Home Sales and Consumer Confidence at 1400GMT. Fed Kashkari

speaks at 1700GMT. 

- Support $1.0890, $1.0871. Resistance $1.0922/23(intraday high/38.2%

$1.108-1.0871), $1.0940(50%), $1.0954/56.