Strong EUR/USD sales emerged in early...>

EURO-DOLLAR: Strong EUR/USD sales emerged in early Europe which took the rate

through its recent low (Sep 04) of $1.1530 before it ran into strong demand that

based the move at $1.1526, allowing the pair to recover to ~$1.1600.

- The second leg of the rally was initially facilitated by a warm enough tone in

EU/U.S. trade talks, with the 2 parties set to reconvene at the end of the

month, while a sharp move higher in cable on positive Brexit comments from EU

negotiator Barnier gave the move additional legs, although EUR/GBP sales capped.

- EUR/USD last deals at $1.1585. Bulls still need a close above $1.1600 to

change the short-term outlook & switch focus to trendline resistance and the

100-DMA ($1.1698). Bears continue to focus on $1.1500 and the longer-term

downtrend.

- German ZEW data & EZ employment headline on Tuesday.