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EUR/USD last sits at $1.1408, barely....>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last sits at $1.1408, barely changed on the day, after
falling 32 pips yesterday, amidst broader USD strength. EZ Jan services &
composite PMIs were revised a touch higher yesterday, but this merely provided
the pair with a short-lived relief, with no lasting impact observed. 
- Initial support is located at yesterday's low of $1.1401, after the
psychological support level at the round number held, ahead of the cloud base at
$1.1383, while topside attention is drawn to the 21-DMA at $1.1421, followed by
the 100-DMA at $1.1433. 
- Wednesday brings the release of German factory orders data. EZ focus during
the remainder of this week centres on Thursday, which will see the release of
German industrial output, ECB's economic bulletin & the EU Commission's econ
forecasts, as well as remarks from ECB's Mersch. PM May's visit to Brussels on
the same day will also be closely watched.

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