Squeezed to a low of $1.1103 Thursday...>

EURO-DOLLAR: Squeezed to a low of $1.1103 Thursday before it recovered to

$1.1135 into the close then received a strong boost as early UK Exit polls

predicted a strong Conservative win, along with US Trump reportedly signing off

Phase-One trade deal with China, and thus provided a strong signal for risk on

as Dec15 trade tariff hikes averted. EUR/USD spiked to $1.1199 before momentum

faded and it eased to $1.1168. Partial recovery to $1.1182 before rate drifted

lower through the balance of the session, breaking to a new low of $1.1163 in

early Europe. Support seen into Thursday's high of $1.1154 ahead of $1.1100.

Resistance remains into $1.1200, a break of $1.1210 to expose $1.1250 and

$1.1280/85. 

- Option expiries of note, $1.1120-25(E1.29bln), $1.1150-70(E1.89bln),

$1.1200(E612mln).

- EZ Final Services/Composite in focus, alongside Italian IP. US Retail Sales

provides early afternoon interest.