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

EURO-DOLLAR: EUR/USD has edged higher and last deals at $1.1302, after finishing

virtually unch. Friday. The rate reached intraday lows of $1.1234, weighed on by

dovish comments from ECB's Coeure, who said that "slowdown is stronger and

broader than expected" & "inflation path will be shallower," as he flagged the

potential for fresh TLTROs, with a strong U.S. Empire m'fing print also adding

some pressure, before weaker than exp. U.S. industrial output came to the fore. 

- Elsewhere, ECB's Villeroy spoke over the weekend and echoed Coeure by noting

that the EZ econ slowdown is "significant", which may force the ECB to change

its policy guidance if it proves to be more than temporary. ECB's Rehn also

spoke over the weekend, and noted that the Bank "has all of its instruments

available" if the slowdown becomes exacerbated. 

- Bulls look to $1.1306, which capped gains Friday. A breach of that level would

open up the 21-DMA at $1.1366. Meanwhile, bears keep an eye on Friday's low. 

- EZ focus this week turns to German ZEW survey due Tuesday, flash EZ PMI data &

ECB Jan meeting minutes due Thursday, as well as EZ CPI & German IFO due Friday.

Elsewhere, there is plenty of ECB rhetoric scheduled for this week.