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EUR/USD last deals at $1.1369, a........>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last deals at $1.1369, a touch higher on the day, after
closing a handful of pips lower on Friday, when the pair peaked above the
$1.1400 mark, lifted by softer than exp. U.S. data, before easing off as USD
strength, stemming from higher U.S. Tsy yields, came to the fore.
- Worth mentioning on Friday Moody's revised Greece's sovereign credit rating to
B1 (outlook stable) from B3 (outlook positive).
- $1.1377, which represents the 100-HMA, draws the initial bullish attention. A
break above that level would open up the 50-DMA & 55-DMA at $1.1388. On the
downside, bears eye the broken up trendline from Jan 3 2017 at $1.1363, which is
followed by the 21-DMA, located at $1.1343.
- On Thursday, the ECB will deliver its latest MonPol decision, which will be
followed by a press conference with ECB President Draghi. Elsewhere, EZ focus
this week turns to Italian GDP (f) due Tuesday, EZ GDP (f) due Thursday and
remarks from ECB's Nowotny due Friday.

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