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EUR/USD has edged higher & last deals...>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD has edged higher & last deals at $1.1386 after adding 21
pips Wednesday, with price action largely driven by broader USD gyrations. This
occurs ahead of the ECB MonPol decision due later today. The Bank will likely
leave its MonPol settings unch., but participants will be attentive to the
rhetoric re: EZ economic slowdown (for our comprehensive ECB preview visit
http://marketnews-m.objects.xtenit.com/ECB_PREVIEW_January_2019.pdf). Worth
mentioning yesterday German Cll'r Merkel said that MonPol must "return to normal
as soon as possible". 
- Bulls continue to target the 50-DMA at $1.1390, after the rate peaked just a
pip shy of the level today. A break above would open up yesterday's high of
$1.1394, followed by the 21-DMA at $1.1423. Conversely, bears look for a clean
break below the 55-DMA at $1.1381 before shifting focus to yesterday's low of
$1.1351. 
- Key EZ econ releases today include flash PMIs from across the eurozone.

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