• EUR/USD about flat and in a 1.06115-6695 range on EBS

• Closest high to Dec. 15's central bank meetings peak at 1.0737

• Two-yr bund-Tsy yields spreads rose 39bp from Dec. 14 Fed day level

• The 1.0737 peak was capped below 61.8% of the 202s's fall at 1.0744

• Index has been consolidating the O/B rebound from Sept lows since then

• Risk was on early on China reopening/demand hopes nL1N33G0FF

• Those hopes are beyond the current big pandemic wave woes nL1N33H013

• ECB stays hawkish amid its tardy inflation fight nFWN33E0BJ

• But German businesses remain hopeful damage will be limited nL6N33H03O

• EU govts using fiscal supports, Spain topping its props nL8N33H1MK

• Wild card for euro could be energy prices amid moves vs Russia, response

• Dollar consolidation is likely until top-tier US data late next week

• If ISM, JOLTS and NFP beat, could see EUR/USD drop to props by 105

• If data are weak, the 61.8% Fibo at 1.0744 will be in play

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