• +0.25%, at the top of a 1.2176-1.2206 range, with strong interest on D3

• The USD trades off 0.15%, as UST yields retreated a touch, 10yr -4bp 4.676%

• There is no UK data today but B0E Governor Andrew Bailey is due to speak

• Charts; 5, 10 & 21-day moving averages slip, as momentum studies conflict

• 21-day Bolli bands contract- mixed signals suggest a period of consolidation

• Neutral setup leaves this week's 1.2337 high as initial major resistance

• 1.2038, the October trend low remains the initial key support

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