EUR/USD last sits at $1.1321 after......>

EURO-DOLLAR: EUR/USD last sits at $1.1321 after drifting slightly lower in the

early part of the Asia-Pac session. 

- The rate fell nearly 30 pips Friday, as European equities closed the week

lower and political uncertainty continued to weigh on EUR. 

- Italy remains the EZ's troublemaker, as its leaders seemingly do not intend to

cut the 2.4% deficit/GDP estimate while facing a Tuesday deadline for revising

the country's 2019 fiscal plan, although some source reports have intimated that

Rome is considering "limited adjustments" to its growth expectations. 

- Bears keep an eye on Nov 1/Oct 31 lows of $1.1309/02. A break below would

allow them to target the lower Bollinger band at $1.1281. Conversely, bulls need

to retake Friday's highs of $1.1369 before challenging resistance at $1.1410. 

- Key EZ economic releases this week include the German ZEW survey, German CPI &

EZ CPI due Tues, as well as German & EZ GDP due Weds. Elsewhere, there is plenty

ECB rhetoric scheduled throughout the week.