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EUR/USD trades at $1.1435, virtually....>

EURO-DOLLAR: EUR/USD trades at $1.1435, virtually unch. on the day, after adding
5 pips Tuesday. 
- Worth mentioning BBG sources said that Italy's Dep PM Salvini faces pressure
from within his party to force a snap election in an attempt to form a
single-party majority gov't. 
- Bulls keep an eye on the 100-DMA/yesterday's high at $1.1444/50, followed by
the Jan 15 high of $1.1490, which provides the next layer of resistance above.
Conversely, bears look to the 21-DMA/yesterday's low at $1.1414/11 and a fall
below would open up the 50-DMA at $1.1390. 
- EZ highlights this week include German CPI & French GDP due later today, as
well as EZ & Italian GDP due Thursday. Elsewhere, ECB's Coeure, Mersch &
Weidmann will all speak on Thursday. Brexit developments will also be eyed after
the latest round of amendment voting in the Commons has pushed UK PM May towards
renegotiating the backstop agreement in the current Brexit deal, which the EU
has repeatedly played down in terms of viability.

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