The EUR continued to feel the weight....>

EURO-DOLLAR: The EUR continued to feel the weight from Tuesday's German Court

ruling, which has the potential to reduce the ECB's cushioning of the COVID-19

economic effects, into Wednesday trade with additional sales prompted by the

release of poor Germany Factory Orders and EZ Retail Sales. EUR/USD managed to

break below $1.08009 but met support ahead of $1.0780, touching $1.0782 before

it recovered to $1.0827 in early NY, reacting to the release of US ADP data.

However, the EUR struggled to build on this move and settled around $1.0810 into

the US afternoon. EUR/JPY slippage has provided a lot of the downside drive,

markets await a returning Tokyo market Thursday to see their reaction to the

current strong JPY tone. 

- Germany IP data Thursday 0600GMT. Following earlier Factory Orders outlook

likely lowered. EZ Commission Economic Forecasts 0900GMT. US Initial Jobless

Claims provides focus release of the day. 

- Support $1.0800, $1.0780 ahead of $1.0760/50. Resistance $1.0827, $1.0850.

- Area between $1.0800-10 holds strikes for E3.1bln of expiries for Thursday's

NY cut.