USD came under general pressure into....>

EURO-DOLLAR: USD came under general pressure into Wednesday's NY session,

reversing earlier gains, as market reacted to stronger than forecast US ISM data

as well as positive COVID-19 vaccine news. Move was driven by the positive

reaction in US equities, which in turn boosted risk that weighed back on the

USD. EUR/USD rallied from an opening NY low of $1.1185(having probed below tech

support at $1.1191) to a high of $1.1275 ahead of the fix. As US equities pared

some gains ahead of the close so EUR/USD eased off to $1.1245, settling above

$1.1250 into the close. Early consolidation in Asia, the market there settling

into a usual pre NFP subdued session, but picked up some demand which nudged

rate up to a high into Europe of $1.1267. EUR was firm versus JPY, USD and GBP,

traders noting an article in FT that the EC is in talks with Gilead Sciences to

secure a supply of remdesivir. EZ employment data, along with PPI at 1000BST.

ECB Mersch and ECB Schnabel to speak. US data overshadows in the form of US

NFP(median forecast +3mln, some noted calls for a stronger release toward

+5.0mln). Weekly claims, Durable Goods, Factory Orders also on the board. 

- Support $1.1245/43, $1.1220, $1.1200, $1.1185. Resistance $1.1275, $1.1288.