EURUSD has edged higher is Asia-Pacific........>

EURO: EURUSD has edged higher is Asia-Pacific hours, last trading 20 pips better

off at 1.2375, while EURGBP trades 5 pips softer at 0.8737. Soft EZ survey data

has dominated recent sessions, adding to a string of data pointing to a

deceleration of growth in the single currency-bloc, with Citi's Eurozone

economic surprise index running sharply lower since late January, now sitting

firmly in negative territory.

- EURUSD follow through above the falling TL (1.2361) off 2018 highs has been

lacking in the main with bears taking comfort in the rejection ahead of

$1.2412-46 where the Bollinger top is noted. Bulls need a close above 1.2446 to

confirm focus on 1.2555-2625. Bears continue to look for a close below 1.2240.

- EURGBP's 100-WMA (0.8654) significance was confirmed on Thursday with an

aggressive bounce from fresh 2018 lows. Daily studies correcting from O/S

increase the risk of a move back to 0.8807-42 where the 21, 55 & 100-DMAs are

situated. The 100-WMA remains key support.

- EUR risk events this week include German CPI, as well as addresses from ECB's

Weidmann & Nowotny.