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EURUSD comfortably holds above $1.13,...>

EURO-DOLLAR
EURO-DOLLAR: EURUSD comfortably holds above $1.13, extending the move to $1.1317
(50% retracement of Mar - Apr fall). The weekly high provides short-term
resistance at $1.1324, above here opens $1.1341/48 which represents the 200-wma
& 100-dma.
- Focus turns to EZ Trade and Inflation data due at 0900GMT. ECB Villeroy and
Lautenschlaeger are also scheduled to speak.
- The final EZ HICP is also anticipated to register in line with the flash
estimate of 1.4% y/y in March, thus decelerating slightly from February's 1.5%.
Core inflation also slowed in March, falling by 0.2pp from February to sit at
just 0.8%.

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