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EUR/USD last trades at $1.1334, 5.......>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last trades at $1.1334, 5 pips worse off on the day after
falling 25 pips yesterday. The rate tracked broader USD strength on Monday, in
the absence of major EZ-specific data or news flow.
- Bears need a breach of the up trendline from Nov 12 at $1.1329 before
targeting the 200-WMA, located a further 10 pips below. Meanwhile, bulls look to
the 200-HMA at $1.1360. Above here opens the 100-HMA & down trendline from Sep
24, situated at $1.1369.
- On Thursday, the ECB will deliver its latest MonPol decision, which will be
followed by a press conference with ECB President Draghi. For the latest MNI
PINCH update for the ECB, see
https://emedia.marketnews.com/MNI_PINCH_UPDATE.pdf.
- Elsewhere, EZ focus this week turns to Italian GDP (f) due later today, EZ GDP
(f) due Thursday and remarks from ECB's Nowotny due Friday.

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