Rate saw an extended recovery high of...>

EURO-DOLLAR: Rate saw an extended recovery high of $1.1255 in early European

trade Wednesday before drifting off to $1.1225 in early NY. Rate recovered to

$1.1249 before it settled into a basic $1.1230/50 range through to the close.

EUR/USD touched a low of $1.1233 into Asia, recovered to $1.1248 then settled

around $1.1240 through the balance of the session. Resistance remains at

$1.1250/55, traders aware that the $1.1250 level has E1.29bn of option strikes

rolling off at today's NY cut, E2.06bn roll off at Friday's NY cut, a break to

expose $1.1285/1.1300. Support $1.1225/15, $1.1200, $1.1185/75.  

- Germany Factory Orders at 0600GMT, market median 0.3%mm, -3.1%yy ahead of US

initial weekly jobless claims, though seen as curtain raisers for Friday's US

Employment Report(market median NFP 180k, AHE 0.3%mm, 3.4%yy).