***Italy's voting booths close at 23:00 CET....>

EURO: ***Italy's voting booths close at 23:00 CET (22:00 GMT). The M5S party

will likely get the most votes; the centre-right bloc will likely get the most

votes as a coalition & the PD will likely secure the most seats as a single

party. - The election will be the first to be conducted under the new electoral

law. - The 1st exit polls are exp. just after voting closes, with the 1st

parliament composition projections exp. between 00:00-00:30 CET (23:00-23:30

GMT). - A hung parliament looks the most likely outcome. The latest opinion

polls suggest that all of the potential coalitions will receive <40% of the vote

(the amount required to govern), although the centre-right bloc are talking up

their chances with projections giving them a little >35% of the vote. - Markets

seem to be fearful of a centre right coalition or one headed by M5S, BTP futures

lost around 75 ticks over the final 3 hours of trade on Friday. - Upside levels

for EURUSD include the Feb 26 high of 1.2355, then 1.2402, the 61.8% retracement

of the 1.2555-1.2155 move. To the downside $1.2244 represents the 50%

retracement of the 1.2155-1.2333 move, then the 61.8% retracement of the move @

1.2229, followed by the 76.4% retracement of the move @ 1.2197.