EUR/USD last sits at $1.1338,...........>

EURO-DOLLAR: EUR/USD last sits at $1.1338, virtually unchanged in early

Asia-Pacific dealing after slipping 66 pips Friday. 

- The release of disappointing EZ PMI numbers Friday revived growth concerns,

exerting considerable pressure on EUR. 

- Participants largely shrugged off the weekend EU-UK summit, which concluded

with reaching agreement on the Brexit deal. Analysts point out that the summit's

outcome was expected & the withdrawal agreement still has to pass the

parliament, where it currently faces a strong opposition.

- Initial bearish target is located at Friday's low/Nov 22 low at $1.1331/22 and

a clean break below would shift the downside focus to the 61.8% fibo retracement

of the move from $1.1216 to $1.1472 at $1.1314. Conversely, bulls need to retake

Friday's highs of $1.1421 to regain some upside momentum. 

- EZ focus this week falls on German IFO numbers due today, French GDP & CPI due

Thursday, as well as Italian GDP (final reading) & CPI due Friday. Elsewhere,

there is plenty of ECB rhetoric scheduled for this week.