Stops reported to have been triggered...>

EURO-DOLLAR: Stops reported to have been triggered on the early NY break below

the Asian base of $1.1564, the rate making a low of $1.1541 despite reported

decent buying around $1.1550 level. Momentum funds reported to have moved into

the dip, taking rate back above $1.1600, moving through Wednesday's high of

$1.1601, with triggered stops, as well as stop entries, firing off which took

rate to $1.1609. Rate then dropped back to $1.1582 through the fix before buying

emerged again, this time taking rate on to $1.1627. Pullbacks so far shallow,

meeting support ahead of the earlier break high of $1.1609. Traders see

resistance at the $1.1625/30($1.1628 Oct1 2018 high) level, a break to open a

move on toward $1.1650($1.1651 Sep28-2018 high) with some technicians suggesting

a move above to expose $1.1800. Friday brings flash PMI's for France, Germany

and the EZ, which will be watched with interest. Friday's are often a correction

days though current underlying bid tone very difficult to oppose. Traders

suggest that if rate can break above $1.1630 this evening likely we will see dip

buy interest emerge in the $1.1600-1.1580 area.