Following Monday's break above the......>

EURO-DOLLAR: Following Monday's break above the $1.1245/55 area the rate was

able to extend the move to $1.1284 in early NY before risk appetite began to

lose its shine and rate drifted back to $1.1263 in post Europe trade. Support

seen placed between $1.1255/50, a break of $1.1240 to expose $1.1225/20.

Resistance now seen at $1.1284/85(intraday high and 38.2% $1.1448-1.1184), a

break to expose $1.1300 ahead of $1.1330 and $1.1350. 

- Expiries of note for Wednesday's NY cut include $1.1245-50(E1.0bln) and

$1.1275(E1.2bn).

- France and Italy IP data provide morning interest ahead of the ECB rate

announcement and more importantly ECB Draghi's press conference with Q&A. FOMC

Minutes release come sat the Europe close.