The single currency traded well,........>

EURO-DOLLAR: The single currency traded well, topping near-term resistance

against the USD to counter the recent bearish outlook. Markets continue to shrug

off any longer-term hurdles for the ECB's asset purchase program, with ECB's

Stournaras stating he's confident the ECB will find a solution. EUR/USD pushed

to a high of $1.0885 in early NY before momentum faded. Rate then drifted back

to $1.0847(38.2% of the day's rally from $1.0785 to $1.0885) into the London

close on general risk aversion. A break here to expose the 50% retrace level at

$1.0835 ahead of $1.0823(61.8%; 76.4% $1.0809). Resistance remains at $1.0885,

ahead of $1.0993(50% $1.1018-1.0767), extending into $1.0900. Rate currently

seen settled around $1.0852 at posting.