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EUR/USD last $1.1296, virtually.........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last $1.1296, virtually unchanged on the day, after
climbing 34 pips Thursday, as the pair moved roughly in sync with broader USD
gyrations. - Yesterday saw the release of EZ GDP figures, which fell in line
with exp. at +0.2% Q/Q, while German GDP came in flat Q/Q, allowing the
Eurozone's largest economy to narrowly avoid a technical recession. 
- It is worth mentioning Spanish PM Sanchez called an extraordinary cabinet
meeting for Friday morning. Many expect him to announce a snap election
afterwards. 
- Bulls keep an eye on the 200-WMA & up trendline from Nov 12 at $1.1312, ahead
of the 200-HMA at $1.1335. Conversely, bears look for a break below the Feb 11
low of $1.1267 before challenging $1.1250, which represents yesterday's YTD low.
- EZ focus today turns to EZ trade balance, as well as remarks from ECB's Coeure
& Angeloni.

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