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EUR/USD last seen at $1.1225, 10 pips...>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last seen at $1.1225, 10 pips worse off on the day, after
climbing 42 pips Friday, as industrial output figures from France and Italy
topped expectations, while U.S. headline NFP data was particularly weak.
- Bears look to the lower Bollinger band (2%) at $1.1211 and a break below would
open up $1.1197, which represents the lower 1.0% 10-DMA envelope. Meanwhile,
bulls eye the Feb 15 low of $1.1234 and the next layer of resistance above comes
at $1.1266, which represents the broken down trendline from Mar 4 2009.
- EZ focus this week turns to German industrial output & trade balance due later
today, French & German CPIs due Thursday, as well as Italian & EZ CPIs due
Friday. Central bank rhetoric will be provided by ECB's Enria & Lautenschlaeger
(Tuesday), Coeure (Wednesday) and Rehn (Friday).

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