EUR/USD last sits at $1.1346, 10 pips...>

EURO-DOLLAR: EUR/USD last sits at $1.1346, 10 pips higher on the day, after

finishing virtually unchanged Friday.

- Worth mentioning on Friday Fitch affirmed Italy's sovereign credit at BBB;

outlook negative, while most expected this, the current dynamics evident in

Italy meant that there was an outside chance of a rating downgrade.

- Bulls look to $1.1361, which represents the 21-DMA, and a jump above would

allow them to target the down trendline from Sep 24 at $1.1385. On the downside,

initial focus falls on the 100-HMA at $1.1337, ahead of the up trendline from

Nov 12 at $1.1321.

- EZ highlights this week include French, German & Italian CPIs, as well as

French GDP due Thursday, while Friday will see the release of final PMI data

from across the EZ. Elsewhere, ECB's Lane will speak on Tuesday.