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EUR/USD last $1.1436 (100-DMA),.........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last $1.1436 (100-DMA), barely changed on the day, after
dropping 18 pips Monday amidst broader USD buoyancy, which offset the impact of
modestly reassuring flash Italian CPI, which saw the headline figure print at
+0.9% Y/Y vs. +0.8% exp. 
- Bears look for a breach of the down trendline from Sep 24 at $1.1429 before
shifting focus to the 21-DMA/yesterday's low of $1.1425/24. Meanwhile, bulls
target the Jan 29 high of $1.1450 and the next layer of resistance above is
provided by $1.1466, where the rate peaked yesterday. 
- EZ focus turns to final EZ services & composite PMI due later today, as well
as German industrial output & remarks from ECB's Mersch due Thursday. ECB's econ
bulletin & the EU Commission's econ forecasts also come out Thursday.

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