EUR/USD trades flat at $1.1348 after....>

EURO-DOLLAR: EUR/USD trades flat at $1.1348 after climbing 42 pips yesterday

mostly on the back of broader dollar weakness. Worth noting that also yesterday

the Italian gov's submitted a revised budget proposal to the EU, featuring a new

2.04% deficit target (down from prev. 2.4%), while the EZ CPI saw a modest

downward revision. Some also cited RTRS headlines from the European Commission

that said it has extended equivalence regime for Swiss stock exchanges until end

of June as lending support to EUR. 

- Initial upside focus falls on the nearby 21-DMA at $1.1352 and a break above

would open up the Dec 13 high/50-DMA at $1.1393/95. Conversely, bears look to

yesterday's low of $1.1299 before targeting the Dec 14 low at $1.1270. 

- EZ highlights this week include German IFO biz. Climate due tomorrow, and the

final Nov reading of French GDP due Friday. Elsewhere, ECB's Hansson is due to

speak Wednesday.