EUR/USD last $1.1556, some ~15 pips.....>

EURO-DOLLAR: EUR/USD last $1.1556, some ~15 pips higher on the day, after the

rate advanced over 100 pips yesterday. The rate rallied on the back of USD

weakness induced by softer central bank rhetoric, as well as the EZ unemployment

print, which saw the jobless rate slip from 8.0% to a 10-year low of 7.9%,

against an expected uptick to 8.1%. 

- After the clean break and close above $1.1500 initial resistance is located at

the upper Bollinger band (3%) at $1.1569, followed by the 61.8% fibo retracement

of the move from $1.1815 to $1.1217 at $1.1587. Conversely, bears target the

100-DMA at $1.1477 and a fall below would open up $1.1437, where the rate

bottomed yesterday. 

- French and Italian industrial outputs come out on Thursday and Friday

respectively. Elsewhere, the ECB will publish its Dec meeting minutes Thursday,

ECB's Villeroy will speak also Thursday, while ECB's Mersch & Visco are due to

speak Friday.