By Andrew M Spencer — Dec 20 - 06:55 PM
Steady after closing up 0.35%, supported by the weaker U.S. dollar
Industrial unrest continues - NHS workers strike over pay nL1N33A0LF
Cost of living crises to hit living standards and the economy nL8N32S27L
Techs; daily momentum studies ease, 5, 10 & 21 day moving averages conflict
21 day Bolli bands contract - uptrend stalled needs topside progress soon
Close below resilient 1.2177 21 DMA bearish for 1.1634 38.2% Sep/Dec bounce
Well tested 1.2441, 61.8% of 2022 fall capped - remains pivotal resistance
NY 1.2098 low and 1.2219 Asian high Tuesday initial support/resistance
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Source:
Refinitiv IFR Research/Market Commentary