• +0.1% in a tight 1.2916-1.2934 range with moderate interest in FX Matching

• UK shop prices fell 0.4% in March as retailers brace for a tax hit on costs

• With no tier 1 UK data - US ISM Manufacturing, Jolts jobs lead USD data risk

• Charts - 5, 10, & 21-day MAs coil, as 21-day Bollinger bands contract

• Daily momentum studies ease - the Feb/March uptrend remains stalled

• 1.2929 21-day moving average tested - 1.2806 200 DMA is the next support

• Thursday's 1.2992 high and the 1.3015 2025 trend top are first resistance

• A close below the 1.2806 200-day moving average would end the topside bias
Andy

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