• Trades down 0.06% after closing off 0.13% with the US dollar up 0.27%

• Mixed German data as exports rebounded but industrial orders disappointed

• EU needs a strong German economy - yield expectations lead EUR/USD

• Charts - 5, 10, and 21-day moving averages plus momentum studies conflict,

• 21-day Bollinger bands contract - the bounce has stalled, no strong bias

• 1.0889 upper 21-day Bolli band and last week's 1.0812 high key resistance

• Friday's 1.0724 base and then Thursday's 1.0675 low are initial supports

• 1.0750 962mln and 1.0775/80 726mln are the close strikes for May 8th

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