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

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.