EUR/USD has oscillated in a tight.......>

EURO-DOLLAR: EUR/USD has oscillated in a tight range so far, last deals a touch

higher at $1.1171. BBG calendar shows the final readings of German, French and

EZ m'fing PMIs, although their release is scheduled for the European morning.

Little reaction seen in EUR/USD as the numbers are all in line with estimates.

- To recap, the rate was primarily driven by USD on Friday, with strong NFP data

dragging it to the intraday low of $1.1128. The move was erased thereafter, with

recovery aided by a weak ISM m'fing survey out of the U.S.

- Bulls look for a clean break above the highs of Oct 31/21 at $1.1176/79 before

setting their sights on the 200-DMA, which intersects at $1.1196. Bears would be

pleased by a downside breach of Friday's trough/100-DMA at $1.1128/24.

- Spaniards will head to the voting booths on Sunday, but the election is

unlikely to yield an easy solution to the ongoing political deadlock, as polls

see the Socialists retain a (slightly shrunk) plurality of seats.

- ECB Pres Lagarde will make her first speech as ECB Pres today, which provides

the highlight of the day. Separately, her ECB colleague de Cos will also appear.