Touched an extended YTD low of..........>

EURO-DOLLAR: Touched an extended YTD low of $1.0926 Tuesday, following on from

its recent break of $1.1000. However, release of weak US ISM Mfg data acted to

reverse recent USD gains, saw rate bounce back up to $1.0979 before closing at

$1/0974. Tech traders noting the key reversal and suggest leaves the USD open to

shedding more of those recent gains. Demand in Asia was only able to nudge

recovery to $1.0980 where it again met headwind resistance, though corrective

pullbacks remained shallow, met support above $1.0970 as we head into Europe.

Above $1.0980 and it exposes next resistance into $1.1000, the level holding the

strike of E1.17bln option interest (EUR puts E883mln). Support $1.0926.

- EZ Services PMI's due from 0715GMT beginning with Spain. EZ release at

0800GMT. EZ Retail Sales due at 0900GMT.