EUR/USD has climbed 13 pips thus far....>

EURO-DOLLAR: EUR/USD has climbed 13 pips thus far and last sits at $1.1409 after

the pair added just one pip Friday. The pair was pressured to intraday low of

$1.1346 by firm U.S. labour mkt data at one point, but spiked back on cautions

comments from Fed Chair Powell quickly thereafter. 

- Bulls look to the nearby $1.1419 level, where the rate peaked Friday, and a

break above would open up the upper Bollinger band (1%) at $1.1430, followed by

the 100-DMA at $1.1478. Meanwhile, bears need a break below the 55-DMA/50-DMA at

$1.1373/70 before attempting a move at Friday's low. 

- EZ focus this week turns to German, French & Italian industrial outputs due

Tuesday, Thursday & Friday respectively. Elsewhere, ECB's de Guindos is due to

speak later today, an address from ECB's Villeroy is scheduled for Thursday,

while ECB's Mersch will speak Friday. ECB's account of its Dec Gov Council

meeting, due Thursday, will also attract attention.