***Soft start to the new week for the...>

EURO-DOLLAR: ***Soft start to the new week for the single currency. The pair

opened in Asia at $1.1915 down from Friday's $1.1951 close in New York. Despite

Merkel winning her forth term, the overall election result is seen as a poor

outcome, with the biggest upset coming from the far-right AfD party, who are

forecast to take 13% of the vote. Many now see a lengthy coalition building

process with Merkel having to negotiate with at least two other parties. After

recovering to $1.1929 the Euro has since slipped below the figure to $1.1897.

Support is seen at $1.1866/62 (Sep21-20 lows), while topside resistance is

located at $1.1951 (NY close), with gaps generally filled. Euro was last at

$1.1900