• Steady in a tight 1.0886-1.0900 range, side-lined in Asia by JPY volatility

• No tier one data in Europe, so risk appetite and the USD will likely lead

• Hawkish ECB comments Thursday - Feb 2 50pt hike expected - outlook key

• Charts; neutral momentum studies, 21 day Bollinger bands edge higher

• 5, 10 & 21 day moving averages continue to rise - bullish setup

• Major resistance at 1.0938 50% of the 2021-2022 fall remains resilient

• Close below 1.0769 rising 21 day moving average would end topside bias

• 1.0850-1.0917 New York range is initial support and resistance

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