Recovery off Friday's low of $1.2056....>

EURO-DOLLAR: Recovery off Friday's low of $1.2056 touched a high of $1.2133

ahead of the close. Japan and China holidays acted to subdue Asian trade leaving

EURUSD to consolidate between $1.2119-35, the rate pushing up against the

topside into early Europe(extends top to $1.2138 then knocked back to $1.2130 on

release of disappointing Germany Retail Sales data). Asian traders did mention

USD supply seen from a north Asian account, suggested to be month-end interest.

Domestic EU interest seen on the release of Germany Retail Sales(just released

at writing -0.6%MM, Feb revised to -0.2% from -0.7%), Germany state CPI data(pan

German market median 1.5%YY), seen providing pointers to EZ flash CPI due

Thursday. US data into the afternoon could have a bigger market impact with

release of PCE and the Chicago Report ahead of Wednesday's FOMC announcement. US

Employment Report rounds off the week Friday. Last day of the month and fixings

to be watched though bank models only suggesting mild flows. Resistance

$1.2150/60, support into $1.2100.