Reports Tuesday that there could be.....>

EURO-DOLLAR: Reports Tuesday that there could be some opposition to the

Merkel/Macron proposed COVID plan took some shine off of EUR/USD's recent

risk-on driven recovery. Rate saw a high of $1.0976 ahead of the NY open before

it stepped its way down to $1.0919 ahead of the close. The $1.0919 level was

retested in early Asia before the risk-on tone refreshed and edged rate back to

$1.0949 into early Europe. 

- Support remains at $1.0919, stronger into $1.0900. Resistance $1.0950/55,

$1.0976. 

- ECB Current Account at 0900BST, ahead of EZ final CPI at 1000BST. EU Consumer

Confidence at 1500GMT in focus ahead of FOMC Minutes at 1900BST.

- MNI TECHS: EURUSD maintains bullish tone following this week's break of

resistance at $1.0896(May13 high), turns attention toward the bull trigger at

$1.1018(May1 high) where a break is required to confirm a bullish reversal. On

the downside, a failure to hold onto gains would again expose support at

$1.0767(May7 low). A break would instead resume bearish pressure and expose

$1.0727(Apr24 low).