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EUR/USD edges higher and last sits at...>

EURO-DOLLAR: EUR/USD edges higher and last sits at $1.1458, benefitting from a
downtick in the USD, after slipping 33 pips yesterday, as poor EZ data releases
weighed on EUR. German industrial output came in at -1.9% against expectations
of +0.3%, while EZ consumer confidence dropped for the 12th straight month in
the worst streak since the financial crisis. 
- Bulls look to the 100-DMA at $1.1476 and a break above that level & the
psychological $1.1500 would allow them to cement the uptrend and target the
cloud top resistance at $1.1516. Conversely, bears look far a fall below
$1.1422, where the rate bottomed yesterday, before challenging the Jan 7 low at
- French and Italian industrial output hits on Thursday and Friday respectively,
while the ECB is set to release its Dec meeting minutes Thursday. Elsewhere, EZ
central bank rhetoric will be provided by ECB's Villeroy on Thursday and by
ECB's Visco & Mersch on Friday.

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