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EUR/USD has edged higher and last.......>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD has edged higher and last deals at $1.1413.after climbing
102 pips & breaching the $1.1400 level Friday, mostly on the back of broader USD
weakness, centring on a Fed Balance sheet report circulated by the WSJ. 
- Initial resistance is located at the nearby $1.1417, where the rate peaked
Friday, and a break above would open up the 100-DMA at $1.1448. On the topside,
attention is drawn by the 50-DMA at $1.1387, followed by the up trendline from
the Nov 12 low at $1.1348. 
- EZ highlights this week include German CPI & French GDP due Wednesday, as well
as EZ & Italian GDPs due Thursday. Elsewhere, this week is particularly rich in
ECB rhetoric, with Pres Draghi set to speak today, among others.

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