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EUR/USD last trades unchanged at........>

EURO-DOLLAR: EUR/USD last trades unchanged at $1.1427 after closing 22 pips
higher Monday. Worth mentioning ECB Pres Draghi spoke yesterday, noting
"persistent uncertainties" & "weaker than exp. data", blaming "softer external
demand & some country and sector-specific factors." Elsewhere, ECB's Visco & de
Cos offered little new. 
- Bulls need to retake yesterday's high of $1.1444 before targeting the upper
1.0% 10-DMA envelope at $1.1495. Conversely, bears look for a breach of $1.1415,
which represents the 21-DMA, before attempting a move at yesterday's low of
- EZ highlights this week include German CPI & French GDP due Wednesday, as well
as EZ & Italian GDPs due Thursday. Elsewhere, ECB's Villeroy is due to speak
later today, while ECB's Coeure, Mersch & Weidmann will all speak on Thursday.

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