EUR/USD last trades flat at $1.1150.....>

EURO-DOLLAR: EUR/USD last trades flat at $1.1150. Spanish parliamentary

elections saw the incumbent Socialist party win a plurality of seats, with PM

Sanchez declaring that he will form a pro-European gov't.

- Friday saw EUR/USD operate within a 23 pip range in Tokyo/London trade, before

the release of U.S. GDP. EUR/USD dived to a fresh YTD low of $1.1112 initially,

as the headline figure topped exp., but poor breakdown data triggered a rebound

into positive territory. The rate failed to gain traction above $1.1170 and

faded somewhat towards the close, keeping the major bearish downtrend intact,

but finished the day 19 pips better off nonetheless.

- Bears look for a break below the aforementioned YTD low, located just a

handful of pips under the lower 1.0% 10-DMA envelope. Meanwhile, bulls look to

the 100-HMA at $1.1179, which coincides with the Jun 27 2017 low.

- Tuesday will be busy in the EZ, with flash CPI numbers from across the EZ,

French, Italian GDPs, as well as German labour mkt data due. M'fing PMI data

will follow on Thursday. Elsewhere, ECB's de Guindos, Praet and Enria will speak

on three consecutive days, starting on Wednesday.