EUR/USD closed sub-$1.14 post-ECB.......>

EURO-DOLLAR: EUR/USD closed sub-$1.14 post-ECB rate decision, despite Draghi and

the Governing Council revealing little new clues or policy developments in

Thursday's press conference.

- Draghi reiterated that risks to the economy are still "broadly balanced." The

ECB seemingly put little impetus on Italy, although noted that it presented a

downside risk, while it stuck to its "this was not discussed mantra" on some

other key topics.

- Elsewhere Draghi noted that recent economic data pointed to weaker economic

momentum, as opposed to a downturn in economic activity.

- The rate last deals at $1.1375, with the next key support level located at the

August lows of $1.1301. On the upside, bulls need to close back above $1.1448 to

improve the outlook.

- ECB's Draghi & Coeure are due to speak later today.