EUR/USD last $1.1446 after losing 32....>

EURO-DOLLAR: EUR/USD last $1.1446 after losing 32 pips Thursday on the back of

comments from ECB's Weidmann, who noted that "uncertainty about further economic

development is high, and for Germany the downside risks prevail./" Although

Weidmann insisted that he saw little prospect of either a "longer phase of

declining economic activity" or "a sudden slump." Weidmann also said that "the

process of ECB policy normalisation is likely to take several years." Also worth

noting that Fed SOMA flows potentially weighed later in the day. Elsewhere, EZ

Q4 GDP met market forecasts, but missed the ECB projections, while Italian GDP

shrank 0.2% last quarter, faster than exp. 

- Bears hope for extending on yesterday's losses and target the nearby

100-DMA/yesterday's low at $1.1441/36. A break lower would open up the 21-DMA at

$1.1424. Conversely, bulls look for a jump above the yesterday's hourly low of

$1.1472, which would bring yesterday's high of $1.1514 into view. 

- EZ focus today falls on m'fing PMIs from across the eurozone, as well as EZ

CPI.