• Steady - closed +0.1% after slipping 0.35% as German retail sales slumped

• Euro Zone economy unexpectedly grew in Q4 but a weak 2023 is expected

• With so many global variables - long term outlooks are subject to change

• Expecting a tight trading range in Asia ahead of likely FOMC led volatility

• Charts; momentum studies slip, 21 day Bollinger bands contract

• 5, 10 & 21 day moving averages coil - mixed signals, poised for a breakout

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

• Close below 1.0799 close rising 21 day moving average would end topside bias

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