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EUR/USD last deals at $1.1308, nearly...>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last deals at $1.1308, nearly unch. on the day & sticking
to a tight range in the Asia-Pac session. 
- The rate closed 55 pips lower Friday, as EUR took a blow from soft PMI figures
from across the EZ, with the numbers fuelling concerns over slowing growth in
Europe. 
- Worth noting Italian coalition partners agreed on a revised fiscal plan today.
- Initial downside focus falls on Friday's low at $1.1270 and a break below that
level would open up the 1.0% 10-DMA envelope at $1.1235. Conversely, bulls look
for a break above the 50%/61.8% fibo retracement of the move from $1.1393 to
$1.1270 at $1.1332/46 before targeting $1.1355 representing the 21-DMA. 
- EZ focus this week falls on EZ CPI due later today, German IFO biz. climate
due tomorrow, and the final Nov reading of French GDP due Friday. Elsewhere,
ECB's Hansson is due to speak Wednesday.

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