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EUR/USD last $1.1403 after advancing....>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last $1.1403 after advancing some 20 pips Thurs. EUR was
supported by the progress in UK PM Theresa May's negotiations with the EU as
both sides agreed on the final divorce deal draft, securing a free trade area &
"ambitious" customs cooperation. However, initial enthusiasm moderated as
participants realised the deal still has to pass the Commons, where it faces
fierce opposition from all sides, as well as opposition from France & Spain. 
- ECB rhetoric was also apparent, the minutes from the Bank's October meeting
sounded a touch more cautious than they had done previously, but the central
message remained. The same can be said for comments from ECB's Praet later in
the day noting downside risks had risen, although he played down the need for an
imminent TLTRO decision, as he noted that the picture remains broadly balanced.
- Bulls need to retake Thursday's intraday high at $1.1434 before challenging
the hourly resistance at $1.1445, while bears eye yesterday's lows of $1.1382,
as a break below would open up the Nov 21 low at $1.1365. 
- EZ focus today falls on flash PMIs & final German GDP. ECB's de Guindos will
also speak. Events around the weekend's EU summit re: Brexit will also be key.
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