By Andrew M Spencer — Dec 04 - 10:10 PM
+0.1% at the top of a tight 1.0509-1.0522 range with the USD off 0.1%
German factory orders, French IP, EZ retail sales lead Eurozone data risk
French no-confidence vote succeeds, deepening the political crisis
Charts - daily momentum studies edge higher as 21-day Bolli bands contract
5, 10 & 21-DMAs coil, weekly moving averages fall - a modest bearish setup
1.0561 21 DMA caps, then the 1.0610 recent range top is pivotal resistance
Last week's 1.0425 base and the November 1.0331 low are initial supports
1.0500 1.198BLN 1.0505 650 mln and 1.0525 1.140BLN strikes for December 5th
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters