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Recovery off Wednesday's pullback low...>

MNI (London)
EURO-DOLLAR: Recovery off Wednesday's pullback low of $1.2001 extended to
$1.2089(fresh 2018 high, $1.2081 Jan2) ahead of Thursday's London fix before
rate settled back between $1.2060/80 into the close. Recent talk has place
decent sell interest at and above $1.2090 through to a reported large option
barrier at $1.2100. Stops, long entry interest on a break above could hit a
vacuum of sell interest and boost upside potential. However, market has two key
sets of data to focus on today. EZ flash CPI due for release at 1000GMT,
headline median seen at 1.4%-1.5% though more interest in the core, expected to
have risen to 1.0% from last release of 0.9%. Strong data could potentially
place that barrier interest under pressure. US Employment Report at 1330GMT,
market median 190k for headline NFP, though AHE again seen key(market median
* Support $1.2005/1.1990. Resistance $1.2090/1.2100, stops suggested on break. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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