Rate traded to an extended low of.......>

EURO-DOLLAR: Rate traded to an extended low of $1.1134 into Tuesday's 1600GMT

fix before recovering to $1.1153 into the close. This recovery was given a boost

on reports of the Iranian ballistic missile retaliation, hitting several US

military targets in Iraq, took rate to a high of $1.1168 before momentum waned.

Resistance has been reported at and above the $1.1170 level. Comments from

Iranian officials suggest that this will be the full extent of any

retaliation(doesn't want all out war), along with reported comments from US

Trump that 'all is well' relieved risk aversion which allowed rate to ease to a

low of $1.1145, said to have met demand placed ahead of the 200-dma at $1.1141

(also of note support in EUR/JPY at Y120.17, break of Y120.00 to add weight?).

Markets now await US full response to the overnight attacks. Break of $1.1145/41

to expose Tuesday's low of $1.1134 ahead of $1.1125/20. Resistance $1.1165/70,

stronger into $1.1200. 

- Germany Factory Orders disappointed at -1.3%mm, -6.5% yy bringing Thursday's

release of Germany IP more into focus. EZ Confidence Indicators released at

1000GMT ahead of US ADP data at 1315GMT(ahead of Friday's US NFP).