EUR/USD sits at $1.1335 at writing,.....>

EURO-DOLLAR: EUR/USD sits at $1.1335 at writing, virtually unchanged on the day,

after finishing just a touch lower yesterday. The pair was largely driven by

econ data releases. Its ascent in the European morning was interrupted as German

m'fing PMI slipped further into contractionary territory and touched a 74-month

low, applying pressure to the pair. This occurred before softer than exp. U.S.

durable goods, m'fing PMI & home sales prints allowed for a recovery into the NY

session. The rate turned lower subsequently, nearing the intraday low after the

1600GMT fix. Worth mentioning ECB Jan meeting minutes were released yesterday.

ECB's members noted that EZ growth may be weaker and headline inflation fall

further than previously anticipated, but also agreed that it was too soon to

tell whether the slump in euro area growth was temporary or more longer-term,

country-specific or more general.

- Bears target the 100-HMA at $1.1329, ahead of the 200-HMA at $1.1310. Bulls

look to the 21-DMA and 55-DMA, located at $1.1364 and $1.1386 respectively.

- EZ highlights today include German IFO & GDP (f), EZ CPI (f), as well as

remarks from ECB's Draghi & Villeroy.