Rate saw a low of $1.2064 immediately...>

EURO-DOLLAR: Rate saw a low of $1.2064 immediately after Monday's month-end

London fix before it bounced back to $1.2106. However, recovery proved short

lived as rate settled back around $1.2080 into the close. Rate touched a high of

$1.2084 in early Asian trade before it began to slowly drift lower, touching

$1.2066 in early Europe. Markets through the Asian session fairly subdued due to

the May Day holiday, with many centres in Europe also observing the day. Support

seen into Monday's low of $1.2064, a break to expose the $1.2055 area

($1.2056/55 Apr27 low/50% $1.1554-1.2555) with stops suggested on a break of

$1.2050. Resistance remains at $1.2084 ahead of $1.2106, with main reported sell

interest between $1.2110/20 then talk of stops placed on a break of $1.2140. US

ISM Manufacturing at 1400GMT the highlight data release.