Strong EUR sales were noted at the......>

EURO-DOLLAR: Strong EUR sales were noted at the Europe open, which punched rate

below its recent low of $1.1530 to $1.1526, any triggered stops were seen to be

soaked up by take profit buying which countered then lifted rate through the

rest of the day. The break    above the earlier Asian high of $1.564 opened a

push on toward $1.1580, finding decent resistance on this initial challenge at

$1.1584 before it eased to $1.1569 into early NY. Further softening Brexit tones

from EU Barnier helped to lift cable which dragged EUR/USD higher with it,

traded to an extended recovery high of $1.1616. Pullbacks have been held around

$1.1597, currently around $1.1604. Despite this move up several traders continue

to view move as providing better levels to go long USD's, though current

underlying buoyant tone remains in place. Resistance seen into $1.1620, stronger

into $1.1650.