Recovery off Monday's freshly posted....>

EURO-DOLLAR: Recovery off Monday's freshly posted YTD low of $1.1077 extended to

$1.1118 Tuesday before reversing, the move back to $1.1081 into the close seen

on the back of reports of the spread of the China coronavirus (a case having

been found in Washington state). Early Asia edged rate back to $1.1087 into

Tokyo before it was pressed down to retest that Monday/YTD low at $1.1077.

Support here, and Chinese authorities announcing preventative measures to

contain the viral outbreak, soothed recent risk aversion, allowed rate to

recover to $1.1086 into Europe, currently trading around $1.1083.

- France Confidence data due at 0745GMT, Italy Industry Orders/Sales at 0900GMT.

- US Chicago Fed Nat Activity and House data provides the afternoon interest.

However, coronavirus developments remain a current key driver. 

- Support $1.1077, $1.1070/65, stronger into $1.1050. Resistance $1.1100/05,

$1.1120, $1.1133/38.