Release Friday of strong headline US....>

EURO-DOLLAR: Release Friday of strong headline US NFP data took EUR/USD from

around $1.0970 to $1.0949 but rate quickly bounced to $1.0976 as the USD pared

react gains, seen as a reaction to lower UST yields and an easing in equities.

However, the USD regained poise through the 1600GMT fix, the rate dropping to a

fresh 2020 low of $1.0942, holding just shy of its Oct8 low of $1.0941. Rate

settled around $1.0945 through to the close. Asia open and rate touched $1.0954

before easing to $1.0943 but fresh demand emerged on reports that some Chinese

workers were returning to work, seen easing risk aversion, which took rate up to

$1.0958 into Europe. Europe sold back into this late Asia recovery, the rate

currently trading around $1.0948. European growth concerns remain and expected

to provide a dampener on EUR recovery efforts. Asian traders have reported

resistance at and above $1.0975, adding that support remains into $1.0940. 

- Support $1.0942/41, $1.0935(falling support line Jan10), $1.0928(1.618% swing

$1.0992-1.1096). Resistance $1.0958, $1.0975.

- France BdF Business Sentiment at 0730GMT, Italy IP 0900GMT, EZ Sentix 0930GMT.