Recovered off Monday lows of $1.1222....>

EURO-DOLLAR: Recovered off Monday lows of $1.1222 through the 1600GMT fix to

$1.1250 ahead of the close, finishing the day around $1.1245. The sharp rally in

cable as Asian markets got underway, seen as a reaction to apparent progress in

Brexit talks, took EUR/USD along with it, the rate reported to have tripped

stops on the move through $1.1260 before meeting headwind resistance on the

approach to $1.1280, topping out at $1.1274. Negative comments on the Brexit

plan saw cable reverse tack which allowed EURUSD to ease off to $1.1251, trading

toward $1.1260 into Europe. Suggestions from Asian traders that option expiry

interest between $1.1250 through to $1.1200 maybe providing an attractive

influence. Option expiries of note include, $1.1200(E1.93bn),

$1.1225-30(E2.62bn), $1.1250(E1.43bn).

- Support $1.1250/45,  $1.1225/20 ahead of $1.1200. Resistance $1.1280, $1.1300,

$1.1320/25.

- Brexit developments through the day could influence EUR via EUR/GBP. Data

focus on US CPI. Market will be looking for any inflationary influence by the

rise in wages shown in last Friday's Employment Report.