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(Z1) Strong Weekly Close

EURO-DOLLAR
EURO-DOLLAR: EURUSD recovered off pullback lows of $1.1271 yesterday, squeezed
to $1.1362 before fading into the NY close. Traders reported of a quiet Asia
session, volumes were seen light held to a narrow $1.1322-48 range. Initial
resistance is seen at $1.1362 from the Nov 15 high, a break here opens a move
toward the $1.14 level ($1.1392 - 61.8% $1.1500-1.1216). Option-related demand
is placed at $1.1300, there is a large E1.42 expiry rolling off for today's NY
cut. Below here opens the Nov 15 & Nov 14 lows at $1.1271/63. Main focus today
on EU final October CPI at 1000GMT. Elsewhere ECB Draghi (0900GMT), Bundesbank
Weidmann (1300GMT) & Fed Evans (1630GMT) are all due to speak. EURUSD last
$1.1339.