• Steady after closing down 0.85%, breaking range support, with the USD +0.7%

• Stronger Spanish and Italian PMIs, but Germany and France disappointed

• Resilient US data, soft EZ suggests EZ/US yield spreads could widen

• Charts - daily momentum studies ease, 21-day Bollinger bands edge lower

• 5, 10 & 21-DMAs slide, weekly moving averages fall - a bearish bias

• Thursday's 1.0375 high, then Monday's 1.0458 top are initial resistance

• 1.0195 0.618% 2022/23 rise then 0.9902 0.786% are the first supports

• 1.0250 1.925 BLN and 1.0300 3.405 BLN close significant strikes for Jan 3rd
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)