Rate met decent support at $1.1280......>

EURO-DOLLAR: Rate met decent support at $1.1280 Tuesday, the level holding the

base ahead of the close. Early Asia saw rate nudge to $1.1288 before it dipped

to $1.1279, but again the area around $1.1280 proved strong enough to contain

before rate picked up fresh demand. Strong EUR/JPY demand post Tokyo fix, along

with risk outlook getting a lift from release of solid Chine growth data,

allowed rate to move back above $1.13, extending to $1.1309 into Europe.

Resistance seen into Tuesday's high of $1.1314 ahead of Monday's high of

$1.1321. Stronger resistance then seen close behind at $1.1324/31. Support

remains around $1.1280, a clear break below to expose $1.1250.

- Option expiries of note for today's NY cut include $1.1200(E2.78bln),

$1.1225-35(E939mn), $1.1250(E1.49bln), $1.1300(E1.41bln), $1.1320-30(E1.5bn) and

$1.1380-90(E2.77bn)  

- EZ Trade and Inflation data due at 0900GMT. ECB Villeroy and Lautenschlaeger

due to speak.

- US Trade data along with Fed speakers Harker and Bullard also of interest.