Rate bounced off $1.1129 to post an.....>

EURO-DOLLAR: Rate bounced off $1.1129 to post an early NY high of $1.1175

Tuesday only to reverse back to $1.1145 as market reacted to strong US IP data

and Housing Starts, with rate settling around $1.1150 through to the close. Asia

marked an early high of $1.1154 before it turned lower, pressed back to retest

Tuesday's low of $1.1129 in a move seemingly led by EUR/JPY sales, the cross

dropping through Y122.00(low Y121.80) provided the main momentum. EUR/USD

recovered to $1.1139 into Europe, tracked EUR/JPY correction though this rate

holds below Y122.00. 

- Germany Ifo in view at 0900GMT, after flash PMI's disappointed. EZ CPI(final)

follows at 1000GMT.

- ECB Lagarde to give welcoming address in a Colloquium for Benoit Coeure at

0830GMT, Coeure gives closing comments at 1115GMT. Fed Brainard and Evans also

on the slate later in the day.

- Support $1.1129/26(Dec17 low, intraday low/rising trend line off Nov29 low)

ahead of $1.1120, stronger into $1.1100. Resistance $1.1154, $1.1175, stronger

into $1.1200.