EURO-DOLLAR: The euro, currently at $1.2816, stalled ahead of
$1.2850 earlier. The pair has been flirting with its 55-day moving
average (at $1.2756 Thursday), closing both above and below that level
in recent sessions. Nick Shamim, MNI's technical analyst, note that the
"21-day moving average capped topside yesterday and is today valued at
$1.2849." The daily studies suggest scope for an upside break, "with
10-day momentum threatening to break above the zero line and 14-day RSI
now above the 50% level," he says. The break above last week's high at
$1.2779 has improved the euro outlook, which remains constructive as
long as the pair holds above the 3-month support line at $1.2651.