EUR/USD has added ~20 pips on the.......>

EURO-DOLLAR: EUR/USD has added ~20 pips on the back of positive news re: Brexit

and last deals at $1.1307, back from early Asia highs of $1.1320. The move

higher occurred after the Sun reported that U.K. PM May secured the support of 5

pivotal senior ministers for the Brexit withdrawal agreement, with DXY pulling

back from recent cycle highs as a result. 

- EUR continues to come under some pressure from Italy's escalating conflict

with Brussels after PM Conte's office announced Rome kept its deficit and growth

targets unchanged in the letter sent to the EU on the deadline day for a revised

budget submission. 

- Initial bullish focus falls on the Nov 12 highs of $1.1332. A break above

would give a green light for challenging the Nov 9 high at $1.1369. Conversely,

bears need to return beyond the immediate support at $1.1300 before targeting

$1.1294, where the rate peaked on Tuesday. 

- Key EZ economic releases this week include German & EZ GDP due today, as well

as EZ CPI due Friday. Elsewhere, ECB speakers are scheduled for Thurs & Fri. Any

fallout from Italy & the U.K. is also worth following.