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EUR/USD last sits at its 100-DMA of.....>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last sits at its 100-DMA of $1.1390 after advancing ~30
pips yesterday, mostly on the back of USD underperformance.
- Worth mentioning yesterday ECB's Lane said that "it's nowhere near the case
that the ECB has hit all limits" re: policy options and the Bank will remain
effective despite "limited" downside revisions to the outlook.
- Bulls need a break above the $1.1400 figure before challenging the Jan 16 high
& Feb 4 low of $1.1425. Conversely, bears eye the nearby 55-DMA at $1.1387,
while a break below that level would open up the 21-DMA at $1.1357.
- EZ focus turns to French, German & Italian CPIs, as well as French GDP due
Thurs, and final PMI data from across the EZ due Fri. Elsewhere, ECB's Coeure &
Weidmann will provide some central bank rhetoric later today.

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