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EUR/USD trades flattish at $1.1142......>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD trades flattish at $1.1142 after adding 17 pips yesterday.
- The rate slipped inched higher initially in yesterday's Tokyo trade, but
retreated after topping out at $1.1139. The downswing terminated at $1.1113,
touched in Europe, and the pair more than erased its earlier losses through the
rest of the day. Price action was primarily driven by USD performance.
- A jump above $1.1151, which kept a lid on gains through the last two sessions,
would shift bullish focus to the 200-HMA at $1.1177. Bears look to $1.1113/12,
which limited losses yesterday/on Friday. A fall below these levels and the
lower Bollinger band (2%) would open last Thursday's YtD low of $1.1102.
- London and Brussels continue to play their chicken game, increasing the
perceived odds of a no-deal Brexit. UK PM Johnson keeps insisting that EU
leaders must agree to renegotiate the current withdrawal deal, which they have
consistently ruled out, or face the UK's disorderly departure from the bloc.
- Flash readings of German CPI and French GDP headline today's docket in the EZ.
Preliminary CPIs from France and Italy are due to follow tomorrow, alongside
flash GDPs from Italy and the EZ.

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