• +0.05% in a tight, quiet 1.2962-1.2970 FX Matching range with the USD -0.05%

• UK February housing market weakest month since late 2023, outlook soft -RICS

• More questions than answers as cautious Russia weighs Ukraine ceasefire plan

• There is no first-tier UK data or BOE events - U.S. Core PPI leads data risk

• Charts - 5, 10 & 21-day MAs climb, as 21-day Bollinger bands head north

• Daily momentum studies edge higher - the Feb/March uptrend remains in play

• This week's 1.2862 base and then the 1.2791 200 DMA are initial supports

• The 1.3046 range top in November 2024 is the next significant resistance

• A sustained break of the 1.2732 21-day moving average ends the topside bias
Andy

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