Touched a low of $1.1086 Friday, just...>

EURO-DOLLAR: Touched a low of $1.1086 Friday, just shy of its YTD low of $1.1085

posted on Jan10, before it settled around $1.1090 through to the close. A slow

session through Asia, Martin Luther King holiday in the US, with China's Lunar

Holidays to begin Friday, though rate did manage to slowly edge its way up to

$1.1101 into the Europe open, but momentum remains slow. Expect some minor

resistance around $1.1106, traders noting that the area between $1.1100-05 holds

the strikes of expiring options for today's 1500GMT cut, E1.45bln. A break above

to open a move toward $1.1120/30. Support remains into $1.1085/80, stronger

toward $1.1070. Early focus on Germany PPI, little reaction seen as release seen

in line with forecasts.

- ECB Lagarde makes an appearance later today at 1830GMT but unlikely to make

any comment ahead of Thursday's ECB announcement, though always worth watching.

Davos this week with US Trump due to appear Tuesday.