Last week's failure to convincingly.....>

EURO-DOLLAR: Last week's failure to convincingly clear the $1.14 level amid the

backdrop of global growth concerns has seen EURUSD extend its corrective

pullback to the $1.1275/80 area. EURJPY led declines pressured through Asia to

keep recovery efforts limited. EURUSD last at $1.1286 with initial support at

$1.1278/75 from the cloud top & Jul2 low. Below here opens the 100-dma at

$1.1261, ahead of the broken down trendline drawn off Mar 4 2009 at $1.1230.

- Today sees the release of services PMIs for Sweden (0730BST), Spain (0815BST),

Italy (0845BST), France (0850BST), Germany (0855BST), the Eurozone (0900BST) and

the UK (0930BST). In the US, the publication of the ISM non-manufacturing index

at 1500BST will be watched closely.

- Some large option expiries for today's NY cut, more notable ones at.

$1.1270-75(E1.28bln), $1.1290-00(E4.63bln), $1.1315-20(E925mln)