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EURO-DOLLAR: Sharp recovery off traded lows of $1.1411 as rate traded up to
$1.1440 through the 1600GMT fix but move quickly lost momentum with rate
settling back around $1.1425/30. Resistance seen now from $1.1440 through to the
earlier high of $1.1450, a break to open a move toward $1.1463 ahead of stronger
area between $1.1490/1.1500. Support $1.1405/1.1390(NY low Jan28/Jan28 low).
Current market focus on the UK as Parliament approaches amendment votes that
should begin around 1900GMT.