• +0.05% after closing down 0.05% in volatile trading with the USD also -0.05%

• A hawkish ECB cut as the proposed German fiscal splurge blurs ECB outlook

• German lawmakers set a timetable to raise Germany's debt-to-GDP ratio

• EU leaders agree on defence surge, to support Zelenskiy after US aid freeze

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands expand

• Positive daily momentum studies - daily signals show a strong topside bias

• 1.0798 0.618% Sep/Jan fall held on the close, so remains initial resistance

• Yesterday's 1.0854 top then the 1.0937 Nov 2024 high are next resistance

• Wednesday's 1.0602 low, then Tuesday's 1.0472 base are initial supports

• 1.0800 500mln are the only close significant March 7th strikes
Andy

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