Extended recovery highs to $1.1216,.....>

EURO-DOLLAR: Extended recovery highs to $1.1216, off Monday's low of $1.1159,

but was knocked back to $1.1206 as market reacted to the release of Germany

Industrial Orders data, missing forecast expectations of +1.0%mm, coming in at

+0.6%, but at least did show a positive. Rate bounced back to $1.1213 with one

trader reporting that area above $1.1210 seen meeting decent headwinds,

expecting upside progress to prove difficult. Rate currently trades around

$1.1210, not backing off at a great rate. 

- Resistance seen into $1.1220, a break and clear to expose the May01 high of

$1.1265. Support seen between $1.1191/79.

- Sino-US trade spat remains in focus and general effects on risk. .