EUR/USD last trades at $1.1312, a.......>

EURO-DOLLAR: EUR/USD last trades at $1.1312, a handful of pips higher on the

day, after closing virtually unch. yesterday. The rate touched intraday lows on

the back of strong U.S. ADP employment data and a BBG headline stating that the

ECB are said to be cutting their outlook by enough to warrant "new loans" -

presumably further TLTRO operations. However, the rate managed to recover

thereafter.

- Bulls look to the 200-WMA at $1.1319 before challenging the up trendlline from

Nov 12 at $1.1332. Meanwhile, bears keep an eye on $1.1286, where the rate

bottomed yesterday upon the release of wider than exp. U.S. trade deficit. A

breach of that level would open up the broken down trendline from Mar 4 2009 at

$1.1268.

- The ECB is set to deliver its MonPol decision later today, which will be

followed by a press conference with ECB President Draghi. Elsewhere, EZ focus

this week turns to EZ GDP (f), also due today, and remarks from ECB's Nowotny,

due Friday.