### Recovery off Wednesday's low of.....>

EURO-DOLLAR: ### Recovery off Wednesday's low of $1.1781 touched a high in Asia

of $1.1809 before it drifted back to a low of $1.1787 in early Europe. Attempts

to recover were thwarted by release of weak German Industrial Production data,

though reaction partially offset by revisions. Rate eased from around $1.1793 to

$1.1788 where it met willing buyers, rate currently trades around $1.1795. 

* Support $1.1781-1.1772(Dec6 low/76.4% $1.1713-1.1961). Major US bank has stops

on recent trade rec below $1.1775.

- Resistance $1.1809(Asia high), $1.1825/35. 

* Options: Expiries for today's NY cut, $1.1745-50(E1.23bn), $1.1800(E1.09bn),

$1.1865-75(E949mn)

* Data: EZ Q3 final GDP1000GMT. ECB Draghi press conference at BIS Fft1600GMT.