EUR/USD has stuck to a ~10 pip range....>

EURO-DOLLAR: EUR/USD has stuck to a ~10 pip range after closing 72 pips lower

Friday, as a particularly disappointing German m'fing PMI print weighed on the

pair. The index slid to 44.7 from the prior 47.6 vs. expectations of an increase

to 48.0.

- The rate last trades at $1.1295, 7 pips worse off.

- Bears look for a break below $1.1273, which limited losses on Friday, as well

as on Feb 19. This would allow them to set their sights on the broken down

trendline from Mar 4 2009, located at $1.1262. Meanwhile, as the rate has failed

to break above the $1.1300 mark, which capped gains on Mar 15, bulls look for a

clean breach of the figure before challenging $1.1324, which represents both the

21-DMA and the 200-WMA.

- EZ focus this week turns to German Ifo survey due later today, French GDP (f)

due Tuesday, German CPI due Thursday, as well as Italian and Spanish CPIs due

Friday. Elsewhere, there is plenty of ECB rhetoric coming up this week, with

ECB's Costa and Coeure due to speak later today.