By Andrew M Spencer — Dec 21 - 10:10 PM
+0.3% with the U.S. dollar off 0.25%, and risk appetite buoyant in Asia
Trades near the top of a busy 1.2077-1.2123 range on D3
UK NHS staff to be offered fast-tracked pay rise - The Telegraph
If true, and the offer is accepted by the unions - major step forward
Charts; neutral daily momentum studies, 5, 10 & 21 day moving averages crest
21 day Bollinger bands flat line - signals have turned marginally negative
Close below 1.2175 21 DMA is bearish for 1.1634 38.2% Sep/Dec bounce
Well tested 1.2441, 61.8% of 2022 fall capped - remains pivotal resistance
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Source:
Refinitiv IFR Research/Market Commentary