EUR/USD has edged higher and sits at....>

EURO-DOLLAR: EUR/USD has edged higher and sits at $1.1135, 5 pips better off.

- The rate round tripped from its intraday low of $1.1106 yesterday. Little in

the way of immediate reaction noted to a bigger than expected decline in EZ

consumer confidence, with headline index printing at -7.6 vs. exp. of -6.8.

- The rate is flirting with its 100-DMA, which intersects at $1.1134. A firm

move higher would bring the high of Oct 21 at $1.1179 into play. On the

downside, a break under the 23.6% retracement of the Oct 1 - 21 rally/

yesterday's trough at $1.1108/06 would open up the next round figure below.

- Per BBG reports, EU ambassadors agreed that they should accept the UK's

request for a Brexit delay, but divisions remain re: its duration. The decision

has been postponed until the ambassadors' next get-together on Friday. 

- Today's monetary policy decision from the ECB will be President Draghi's

swansong, with Christine Lagarde set to pick up the baton. Elsewhere, a slew of

preliminary PMI readings from across the Eurozone will be closely watched.

- ECB sources told MNI that the central bank is likely to keep its policy

settings unchanged for at least the rest of the year.