Strong US Employment Report release.....>

EURO-DOLLAR: Strong US Employment Report release Friday, along with US Trump

warnings that the US could impose more trade sanctions on China, acted to boost

the USD. EUR/USD extended lows to $1.1551, the rate holding heavy into the

close. Rate did manage to pare some of those losses in early Asia, edged to

$1.1564 before it turned lower again, extending down to $1.1540 ahead of Europe.

Early Europe has been inclined to buy into the dip, taking rate back above

$1.1550 at writing but underlying tone remains bearish. Resistance initially

seen around $1.1565, a break to expose $1.1593(hourly high from Friday). USD

remains buoyant via risk-off tone (US trade threats). Support noted between

$1.1540/30, a break to expose $1.1500. Traders have noted that the $1.1500 level

holds strikes of expiring options for today and through the week(around E7bn),

with around E3bn at $1.1550. Today has E2.16bn rolling off at $1.1500. ECB rate

announcement Thursday moves into focus.