By Andrew M Spencer — Dec 15 - 09:55 PM
Trades up 0.15% in a 1.0485-1.0523 range with the U.S. dollar down 0.1%
EZ flash MFG PMI - poll 45.3, services - poll 49.5, composite - poll 48.2
Moody's downgraded France's credit rating over the deteriorating finances
Charts - mixed daily momentum studies, amid neutral 21-day Bollinger bands
5, 10 & 21-DMAs conflict, weekly moving averages fall - no strong bias
1.0668 0.382% of the September/November fall remains pivotal resistance
Thursday's 1.0531 high and the December 1.0630 top are the first resistance
Friday's 1.0453 base and then the November 1.0331 low are initial support
1.0500 3.188 BLN, 1.0530 1.143BLN and 1.0550 2.110BLN Dec 16 close strikes
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Source:
London Stock Exchange Group | Thomson Reuters