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EUR/USD last deals at $1.1385, 24.......>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last deals at $1.1385, 24 pips higher on the day. This
occurs after the rate climbed 13 pips yesterday, with price action largely
driven by gyrations in USD strength. However, the pair's move from its intraday
highs back to unchanged (alongside DXY) was interrupted, as EUR was aided by
Italy reaching accord with the EU on Rome's adjusted 2019 budget plan. 
- German Ifo survey figures narrowly missed expectations yesterday, might have
briefly weighed on EUR, but not substantially. 
- Bulls look for a break above the 50-DMA at $1.1389, as the rate deals just a
handful of pips shy of that level. This would allow them to target yesterday's
peak, followed by the Dec 10 high of $1.1443. On the downside, initial focus
falls on the 21-DMA at $1.1353 and a fall below would open up $1.1337
representing yesterday's low. 
- EZ docket for the rest of the week is rather dry & includes French GDP due
Friday, while ECB's Hansson is due to speak later today.

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